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Cattle and Beef Markets

2017 August 18
“On average, on the long term, the seasonal lows in the fed cattle market are in the summer quarter and that’s because we have the largest supply of slaughter steers and heifers being processed in the summer. We tend to have the high est.
2017 August 18
“The positive cash basis and liquidation from managed money continues to dominate the trend for fed cattle prices,” noted Andrew Gottschalk of Hedgers Edge last Thursday morning. By the end of the day, almost 81,000 head of cattle had been confirmed sold on the cash negotiated market.


by WLJ
2017 August 18
Since 2014, the non-food inflation rate has been roughly 3.4 percent. Yet during that time, the national average total farm real estate value (the collective value of lands and buildings) have increased only 4.4 percent from $2,950 per acre to $3,080 per acre.


2017 August 11
U.S. beef and pork exports continued to trend above year-ago levels in June, capping a very strong first half of the year. According to statistics released by USDA and compiled by the U.S. Meat Export Federation (USMEF), exports also achieved higher values on a per-head-slaughtered basis and accounted for a steadyto-higher percentage of total production.
by WLJ
2017 August 11
Australian beef exports in July totaled just under 93,000 metric tons (mt) shipped weight—a 9 percent increase year-on-year. While the rise was off a low base from year-ago levels, this marks the first year-on-year increase in Australian beef exports in 24 months, according to Meat & Livestock Australia (MLA).
by USDA
2017 August 11
In 2015, the median household income for rural (nonmetro) counties rose to $44,212, a 3.4 percent increase over the prior year. This was the second year in a row of rising real (adjusted for inflation) income for the median rural household, ending 6 years of income declines during and after the Great Recession of 2007-09.
by WLJ
2017 August 11
“Some cattle numbers crunchers believe August is the timeframe for peak market-ready fed cattle supplies, while others steadfastly predict September/October encases a ‘wall’ of fed cattle that will take the market down hard, regardless of front-end currentness,” commented Cassie Fish of the Beef Report last Tuesday.
2017 August 4
The cash fed cattle market got off to a painful start last week, if it could be called a start at all. Only 56 out of 1,063 head offered sold during last week’s Fed Cattle Exchange. That lone lot of Kansas steers sold for $116, below the prior week’s live cattle level.


2017 August 4
Tariffs jumped from 38.5 percent to 50 percent on frozen beef going into Japan last Tuesday. This was the first time in 14 years that Japan’s so-called “safeguard” tariff was implemented. Unless it is overturned, the increased tariff will last until April 2018.


by WLJ
2017 July 28
Have you heard of the Butterfly Effect? It is the idea that the beating of a butterfly’s wings on one side of the planet can cause a tsunami on the other side. Simply put, it is the idea some small and seemingly unrelated event can have significant impacts elsewhere.
2017 July 28
“The on feed report showed much larger than expected placements at 116 percent and this will have the futures market sharply lower this morning and packers will use this to get cattle bought cheaper throughout the week,” predicted Troy Vetterkind of Vetterkind Cattle Brokerage.


2017 July 21
U.S. beef exports have varied in the quantity of exports and the mix of countries receiving U.S. beef over many years. The latest trade data for May shows total beef exports up 6.8 percent compared to one year ago with January through May total beef exports up 17.
by USDA
2017 July 21
Many Americans spend more of their time outdoors during the summer months, and some of that outdoor time is spent attending barbecues or grilling their meals at home. Beef is a popular grilling option for many, but not all grades of beef are equally suitable.
2017 July 21
The potential big market news last week was the Tuesday discovery of the U.S.’ fifth case of BSE. It barely made a ripple in the futures market. Jitters over what the Cattle on Feed and Cattle inventory reports might turn up were far more palpable, however.
2017 July 14
Last week gave the whole cattle market a bit of a shock. Usual market watchers, confident the cattle market was tucked in for a dog-days-of-summer nap, turned their attentions to monthly reports. So it was a surprise for everyone involved when both cash cattle and futures made tidy little gains.




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