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2013 September 23
Yet another week of “wait- ‘til-Friday” trade in the cash fed cattle markets. With larger show lists, a number of outside influences on the market, and the expectation of a late Friday-afternoon Cattle on Feed report, the theme was one of biding time..
2013 September 20
Production estimates were upped for both this year and next on increased bull and cow slaughter throughout this year. Estimates of 25.68 billon pounds (bp) of beef were set for 2013 and 24.23 bp for 2014. These are both below the production of 2012, but up from earlier expectations this year.
by WLJ
2013 September 20
Cash corn prices in the Texas Panhandle have decreased $2.00/bushel since July. While there is still some uncertainty about how big the new corn crop will be and just how low corn prices might go, there is no doubt that significantly lower corn prices will have a big impact on feeder price levels and feeder price relationships.
2013 September 16
Bids were slow to develop and were passed over out of hand by cattle feeders offering cattle at $3-5 above the Spartan bids. That said, analysts expected trade would develop at slightly depressed prices from the prior week of $123 live in the South Plains, and $194-195 dressed in the Corn Belt.
by WLJ
2013 September 13
Consumers visiting their local meat counter to purchase steaks and hamburgers for grilling over Labor Day weekend may experienced some sticker shock over the price of beef and thought cattle producers must be making a lot of money.
by WLJ
2013 September 13
The latest trade data for July provides additional indication that recent trends in U.S. and Mexican cattle and beef trade have changed dramatically. The 51 percent decrease in July imports of Mexican cattle, compared to last year, is a continuation of the change in Mexican cattle imports that has been happening for several months.
by WLJ
2013 September 6
The Expectations Index stood at 101.3 in July, down 0.6 percent from June and the lowest level in seven months. Despite the decline, each of the four expectations indicators stood above 100 for the seventh consecutive month, which indicates restaurant operators remain generally optimistic about business conditions in the months ahead.
2013 September 3
Cattle feeders’ reaction to the bullish Cattle on Feed (COF) report of holding firm on higher asking prices, and packers’ theoretic position of leverage with larger showlists and buying for a short kill week this week had the two parties on the sidelines of cash trade last week.
by WLJ
2013 August 30
By the second quarter of 2014 the projections are above the futures price by $10 per hundredweight. Gessner said these prices, combined with new crop corn and hay prices remaining lower than last year, suggest profit potential for calves backgrounded throughout winter.
2013 August 23
It seems the cash attention last week was on the feeder sales because negotiated cash fed sales were slow to “dead.” Very few bids and only tiny and sporadic sales had occurred by midweek. By Thursday afternoon only 4,679 head had been confirmed sold, making the volume too low for a market trend.
by WLJ
2013 August 23
Cattle markets and boxed beef appear to have moved past the summer lows. Wholesale beef, fed cattle and feeder cattle markets are all generally moving in the same direction, rare for this year, and certainly not all in harmony yet. The Choice boxed beef cutout has increased about $8/cwt.
2013 August 16
The cash fed trade last week was at a trickle in terms of volume. Throughout the first half of the week, only slightly more than 4,000 head had sold total on the negotiated market. Bids were slow to appear and were mostly ignored in the face of asking prices of $123-124 live and $200-201 dressed.
2013 August 16
Corn took the cake in last week’s release of the World Agriculture Supply and Demand Estimates (WASDE) report. Counter to prereport estimates which predicted corn yields to be increased, USDA revised the numbers down. This had a short-term positive effect on corn futures and, unsurprisingly, a negative effect on feeder cattle.
by DTN
2013 August 16
“As far as real market impact, it’s going to depend upon whether anybody follows suit,” DTN Livestock Analyst John Harrington said. “If Tyson’s all alone out there, it’s probably not going to have a huge market impact. On the other hand, if JBS, National and Cargill all get on the same page, well, then that will have ripples.
by WLJ
2013 August 16
Oklahoma feeder cattle prices have increased about $20/cwt for all weights since the lows in late May. After being on the defensive much of the first half of the year, feeder cattle markets are poised to hold stronger in the second half of the year.
2013 August 9
Cash trade was again slow to develop last week and that may have turned out to bite packers. Following an announcement Thursday morning by Tyson that it would no longer accept cattle fed Zilmax—the commercial form of the beta agonist zilpaterol— both live and feeder futures rallied powerfully in response.
by WLJ
2013 August 9
The status of cattle inventories in the U.S. is unknown at this time. USDA’s National Agricultural Statistics Service cancelled the midyear report, so there are no official July 1 survey-based estimates of cattle inventories by class, 2013 calf crop, or total Cattle on Feed available.


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