Home / All News / Markets
 

Markets

by WLJ
2013 January 18
TX, beef processing facility effective at the close of business Friday, Feb.1, 2013, resulting primarily from the tight cattle supply brought about by years of drought in Texas and Southern Plains states. Approximately 2,000 people work at the Plainview facility, and they will receive company support.
by WLJ
2013 January 11
Thursday, Jan. 3, saw the most recent Oxford Farming Conference where journalist, environmental activist, and now ex-anti-GM agitator, Mark Lynas described in no uncertain terms how he came to support GM technology and why others should, too. In his 51-minute speech, he apologized for his past activities and urged others to accept GM technology.
by WLJ
2013 January 4
In last week’s short New Year’s week, cash trade was slow to develop despite the pressure on packers to buy for their first full-production week in a while. Showlists were overall larger across the country with Kansas being the only major cattle-feeding state to see smaller showlists.
2013 January 4
The Bureau of Land Management (BLM) finished 2012 by signing off on a massive pipeline project that will carry water from rural counties along the Nevada-Utah line to thirsty Las Vegas. The controversial 263-mile water tube will stretch from rural areas to urban Las Vegas, home to 2 million people.
by WLJ
2012 December 28
The Christmas holiday disrupted cattle markets all around last week. Production was expected to be down, so the urge to buy fed cattle was low on that front. On the other side, however, the fact packers are running out of contract cattle put some pressure on them to buy negotiated fed cattle.
2012 December 28
21. Because of surprising placement numbers—down compared to last year, but not as down as expected—the report is being called bearish for live cattle futures by CME analysts. On-feed numbers were almost dead-on to pre-report expectations and marketings were slightly below expectations.
by WLJ
2012 December 21
The cash fed cattle trade was slow to develop again last week, though not as slow as in recent prior weeks. Throughout the first half of the week, trade was nonexistent. Cattle feeders were asking $128-130 live and $202- 205 dressed and ignored the offers of $123 live in the Southern Plains and the $195 dressed bids.
by WLJ
2012 December 14
No trend-setting trade had developed by Thursday afternoon last week. Expectations of continued sluggish demand, packers with plenty of contract cattle to work from, and futures making a steady upward run made for little motivation on the packer side.
by WLJ
2012 December 7
Larger showlists, the expectation of more slaughter-ready cattle coming available in the short term due to limited feeding options given wheat pasture situations, and in-the-red packing margins gave packers the power on prices last week.
2012 December 7
Thursday, Nov. 29, CME closed trading on wheat and its other commodities as usual. Its initial Deliverable Commodities Under Registration Report erroneously reported the number of wheat contracts available for delivery as substantially lower than accurate.
by WLJ
2012 December 1
Some cash trade developed on Monday to the tune of a couple thousand head of cattle selling live in Texas at $128. This would be steady with the week prior. These cattle reportedly went to JBS and were thought to be effectively cleanup trade from the week before where they found themselves short bought.
by WLJ
2012 November 23
Despite the reportedly shortbought nature of many packers the week before, and the full production week expected this week, packers were not particularly quick to buy cattle during last week’s short window of purchasing opportunity. By Wednesday morning, no sales had been reported and very few bids had been placed.
2012 November 16
In what has been called neutral to slightly bearish, the most recent USDA World Agricultural Supply and Demand Estimates (WASDE) report was released Friday, Nov. 9. Beef production, imports and exports were lowered compared to the previous report, and corn and soybean yield and production estimates rose for the first time in a long while.
by WLJ
2012 November 16
The cash fed cattle trade was particularly sluggish last week with only two loads of cattle selling to regional packers through the first half of the week. On Tuesday, one load sold in Iowa at $192 dressed, which would be below the prior week, and another sold Wednesday in Nebraska at $196 dressed, which would be steady with the prior week.
by WLJ
2012 November 16
U.S. beef exports in September were well below a year ago. Despite sluggish volumes, however, the value of beef exports through the third quarter of 2012 remains ahead of last year’s recordsetting pace, according to statistics released by USDA and compiled by the U.
2012 November 9
Generally speaking, the fiscal cliff—also called “Taxageddon” in some circles—is the perfect storm when (or if) the Bush-era tax cuts expire at the end of 2012 and automatic government spending cuts to over 1,000 programs take effect at the beginning of 2013.
by WLJ
2012 November 9
Cash trade for fed cattle was slow to develop last week. By Thursday afternoon, only a few strings big enough to set a trend sold at $125 live in Nebraska. Other than that, activity was limited to offers of $128 live and $198- 200 dressed.
Sales Calendar