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Cattle and Beef Markets

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.


by USDA
2017 May 5
USDA’s Supplemental Nutrition Assistance Program (SNAP, previously called food stamps) serves a large and diverse population of low-income households. In a typical month in fiscal 2015, SNAP provided average monthly benefits of $127 per person to 45.8 million people living in 22.
2017 May 5
April’s survey asked producers about their expectations for crop prices over the next year. While 54 percent said they expected prices to be about the same in 12 months, another 27 percent expected lower soybean prices. Only 17 percent said they expect soybean prices to be higher.
by USDA
2017 May 5
The Economic Research Service (ERS) uses inputoutput analysis to calculate the farm and marketing shares from a typical food dollar, including food purchased at grocery stores and at restaurants, coffee shops, and other eating out places.
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.




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