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Cattle and Beef Markets

2017 June 23
Cash fed cattle continued their slide last week with live trade at $121-123 and northern dressed trade between $193-195. It was a bad week on the futures market with losses booked every day. The news that JBS’ Five Rivers Cattle Feeders was up for sale appears to have spooked traders for a while.

2017 June 16
“All hell broke loose in direct trade yesterday,” noted Andrew Gottschalk of Hedgers Edge last Thursday morning. The Fed Cattle Exchange started Wednesday’s trade off valiantly with prices of $136-137 for delivery of cattle up to two weeks out. Those prices were steady with the prior week’s trade.
2017 June 16
The two much-anticipated events were met with a flurry of announcements of approval and praise from industry groups. Groups such as the National Cattlemen’s Beef Association, the U.S. Cattlemen’s Association, the North American Meat Institute, the U.S.


2017 June 9
It’s a unique time in global beef markets with a wide range of issues providing challenges and opportunities among many of the major beef exporting countries. USDA-FAS (Foreign Agricultural Service) estimates published in April project the top five beef exporting countries in 2017, in order, as India, Brazil, Australia, the U.
2017 June 9
Beef exports reached 99,786 metric tons (mt) in April, up 13 percent from a year ago, valued at $550.4 million, up 14 percent. For January through April, beef exports were up 14 percent in volume (392,001 mt) and 18 percent in value ($2.16 billion) compared to the same period last year.
2017 June 9
While cash fed cattle and feeder cattle, and wholesale beef overwhelmingly continued their upward motion, futures stalled out last Tuesday with limitdown losses in feeder contracts. However, strong beef demand and good fundamentals in the cattle and beef complexes seem to be keeping things up.


2017 June 2
Last week, the over six-decadeold tradition of the WLJ Tour was alive and well. Over 120 ranchers and WLJ readers joined us for the 2017 Big Horn Ranch Tour in Wyoming to check out a series of large, progressive ranches. All the ranches were different and as unique as the country they ran in, but all had one thing in common; they were big.



2017 May 26
Though mid-week cash prices fell to $129-133 live following the Fed Cattle Exchange, by Thursday, live prices increased slightly to $130-136. Dressed prices on Thursday were $206-210. Despite this minor intra-week recovery in the cash prices, they were generally steady with the prior week’s trade and down from recent week’s.

2017 May 19
On Oct. 12, 2016, 50 percent (chemical lean fresh) trim set its recent low of $31.62/cwt., roughly half of what prices were during the height of the “pink slime” controversy in 2012. Since then, the market gained impressively, setting a new record with a national weighted average of $203.


by DTN
2017 May 12
Congress has given some unique privileges in the tax code to farmers. The most important is undoubtedly the ability to use the cash method of accounting. Income is only taxed when converted to cash. All other businesses that deal in goods, rather than services, must use the accrual method.
2017 May 12
March exports accounted for 12.5 percent of total beef production and just under 10 percent for muscle cuts only, each up slightly from last year. For the first quarter, the percentage of total beef production exported was down slightly from a year ago (12.
2017 May 12
For the first three months of the year total cattle imports from Mexico are up 24.3 percent while imports from Canada are down 18.5 percent leading to a combined year-to-date cattle import total up 5.6 percent compared to the same period one year ago. Total annual cattle imports from Mexico and Canada in 2016 were 1.
2017 May 12
Compared to the 2016 appropriations bill, most line items dealing with agencies and programs important to agriculture and public lands were steady or slightly up. But there are a couple interesting trends in the new bill. Most notably, line items related to land acquisition by federal agencies were overwhelmingly down.


2017 May 12
Cash fed cattle had taken a hit last week. Over 77,000 head had been confirmed sold by Thursday at live prices of $135-140 down $4-12 compared to the prior week. Dressed prices were a different matter however. The roughly 26,000 head that sold by Wednesday saw dressed prices of $220-224, however, by close of trade Thursday, those prices.


2017 May 5
The U.S. is the fourth largest beef exporting country and the largest beef importing country. The U.S. is often a net importer of beef, with the quantity of beef imports exceeding beef exports. Occasionally, beef exports exceed the quantity of beef imports.
2017 May 5
Last year, South Korea was the second-largest importer of U.S. beef by volume at 454.68 million pounds, representing almost 18 percent of total U.S. beef exported. Trade to South Korea was second only to Japan by volume and eclipsed the third-largest importer (Mexico) by a decent margin.
2017 May 5
“There’s nobody who expected this kind of rally, but you can see that there are reasons for it,” said Jim Robb, director and senior economist of the Livestock Marketing Information Center. He cited unseasonal drops in cattle weights and surprising consumer demand behavior as just a pair of the numerous fundamentals behind this current market.
2017 May 5
Most of last week’s cash trade got done on Wednesday. Though not even a third of the Fed Cattle Exchange’s slim 1,745-head offering sold, the prices helped light the fuse for the rest of the day’s trade. By the time the dust had settled on Wednesday’s market, over 70,000 head had been confirmed sold.
2017 May 5
In a prepared statement, Trump said, “it is my privilege to bring NAFTA up to date through renegotiation. It is an honor to deal with both President Peña Nieto and Prime Minister Trudeau, and I believe that the end result will make all three countries stronger and better.




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