Home / All News / Cattle and Beef Markets
Search:inAuthors List
 

Cattle and Beef Markets

2017 April 21
Cattle buyers got down to business last week and that business was likely pleasing to cattle feeders. By close of trade last Thursday, over 114,000 head of cash fed cattle had been confirmed sold on the negotiated market. Prices Thursday reached $129-134 live and $208-220.
2017 April 21
In the fall of 2016, the Chinese government indicated a willingness to open China to U.S. beef. Although talks have been ongoing, no agreement has been reached on protocols for U.S. beef to move into the Chinese market. The Trump administration recently reaffirmed that talks will continue under the new U.
2017 April 14
“The rally in the cattle futures market has narrowed a near-historically wide basis and the sellers are resistant to the shift,” noted Andrew Gottschalk of Hedgers Edge last Thursday morning, accurately predicting that the closure of the futures markets for Good Friday might spur cash activity at higher levels by Thursday’s close.


2017 April 14
Trump’s plan calls for a 21 percent reduction to the USDA and includes cutting staff at agricultural service offices, along with statistical reports on crop prices and production levels that some farmers and others in the agricultural community rely on.
by USDA
2017 April 14
Former Soviet Union countries, Russia, Ukraine and Kazakhstan experienced significant contractions in meat production in the 1990s and early 2000s. This trend reversed since 2005, with meat production over 70 percent greater in 2011-15 than the low point in 2001-05.
2017 April 7
“Not all is desperate in the cattle industry right now,” said Troy Vetterkind of Vetterkind Cattle Brokerage last week. “As feedlots remain quite current, dressed cattle weights are either side of 25 lbs. below a year ago, and beef exports continue to run well above yearago levels (albeit a little slower right now).


2017 March 31
It seems last week was the week of trade talk about China and the world. As President Donald Trump prepared to meet with Chinese President Xi Jinping later this week, beef industry groups and trade-related organizations issued a flurry of letters and reports on the topic.


2017 March 31
By close of trade last Thursday, over 32,000 head had been confirmed sold in the cash fed cattle markets. Prices paid ranged from $124-132 live and $205-208 dressed. These prices were several dollars cooler than the previous week’s $210-215 live and $204-210 dressed prices.


by USDA
2017 March 31
Over the last 50 years, food-at-home prices have, on average, risen 4 percent annually. However, year-to-year price changes have varied over time. High food price inflation in the 1970s—price increases as large as 16.4 and 14.
2017 March 24
Cash prices continued their climb last week. By Thursday afternoon, over 23,000 head of cattle had been confirmed sold at prices ranging from $125- 137 live and $210-215 dressed. Though not nearly as rapid-paced a weekly sale progression, the prices were up considerably from the prior week’s prices of $125-132 live and $204-210 dressed.


by WLJ
2017 March 17
The average cattle feeder wants to be rewarded for above-average beef quality, and many have turned to some type of value-based “grid” marketing to earn premiums. After selling a few pens on a packer grid, some feeders lament it’s less about quality and more about dressing percent, the whole-carcass yield of beef, including bones in those cuts.
2017 March 17
“Things started on the electronic Fed Cattle Exchange auction where packers started buying cattle in Texas/Kansas for $125-126 but then packers in the north began gobbling up cattle in Nebraska for $129-131.50 live so the southern cattle finished up on the auction at $127-128.
2017 March 10
Beef exports totaled 96,488 metric tons (mt), up 17 percent from a year ago, valued at $515.5 million— up 18 percent and the highest ever for the month of January. Exports accounted for 12.2 percent of total beef production and 9.5 percent for muscle cuts only—with both ratios being fairly steady with January 2016.
by WLJ
2017 March 10
Smaller-sized feedlots did increase capacity adding 2,000 lots (locations) compared to 2015 and increasing the number of head marketed during 2016 by just over 200,000 head year-over-year. This relatively large increase in small feedlots is driven by cheap feed, but is unlikely going to be a long-term trend.
by WLJ
2017 March 10
A good set of financial records are a must when considering economic decisions in your operation. Understanding how to pull the needed data out of those records and how to interpret them is key to providing you with usable information to make your decisions.
2017 March 10
After the prior week’s impressive gains, last week saw cash fed cattle prices increase even more. By close of trade Thursday afternoon, almost 110,000 head had been confirmed sold at $125- 129.50 live and $200-204 dressed. This was up a few dollars for live cattle and steady for dressed cattle compared to the prior week.


2017 March 3
The futures markets were interesting last week. On Monday, one couldn’t help but notice that expiring February live contract seemed to be high on the success of the cash markets. All the while, more deferred contracts appeared to be pointedly pessimistic about the future despite cash and demand signals.


Sales Calendar


Goto live view to see the calendar
 

LIKE US ON FACEBOOK!