Home / All News / Markets
Search: in Authors List
 

Markets

2014 September 22
Cash fed trade was slow to develop last week as packers were trying to mitigate recently very red margins and everyone was collectively holding their breath for the Friday release of the Cattle on Feed report. Even by Thursday, bids were limited to $155-156 live in the Southern Plains and $242-244 dressed in the Corn Belt.
2014 September 15
The cash fed trade last week was slow, but this was not surprising. Analysts expected packers to hold off buying cattle until the release of the World Agricultural Supply and Demand Estimates (WAS- DE) on Thursday, and that seemed to work out for them, though not because of WASDE.
by WLJ
2014 September 12
U.S. red meat exports slowed in July, the first time this year that year-over-year export volumes were lower for both beef and pork. But 2014 exports remain on a strong pace, according to statistics released by USDA and compiled by the U.S. Meat Export Federation (USMEF).
2014 September 8
Very light trade developed Wednesday at $158-160 live in Minnesota and $250 dressed in Nebraska and Iowa, but at levels too low to set the week’s trend. Still, the early trade at $3-5 higher live and $5-8 higher dressed caught the market’s attention. Live futures closed strong on Wednesday and followed suit on Thursday.
2014 September 1
“However, I believe we get past Labor Day and further into the month of September and the market will be dealing with increased supplies of competing proteins and heavier carcass weights. This likely resumes the recent downtrend in cash cattle prices from the historic highs posted earlier [in August].
by WLJ
2014 August 29
“One operation we tracked had heifers weaned in 2010 and 2011, what those heifers were and what their accumulated expenses were over the two years to the point where they were heavy bred. Their expenses totaled $1,100-1,400 a head. That ranch was pretty efficient and did a good job of reducing their expenses.
2014 August 29
The Aug. 1/July Cattle on Feed report was released Friday, Aug. 22. While everything was predicted down— and everything was down— things weren’t as down as analysts expected. The report has been called mixed neutral to bearish, particularly for record low placements that still disappointed expectations, and for the lagging marketing rate.
by WLJ
2014 August 29
Since the early 1970s, the Livestock Marketing Information Center (LMIC) has estimated cow/calf returns over cash costs plus pasture rent based on typical production and marketing practices in the Southern Plains, but does not include other economic costs like family labor and management.
2014 August 25
As with the prior week, cash fed trade developed earlier than usual last week. A trickle of trade began Tuesday with Wednesday seeing the majority of trend-setting prices. Trade on Thursday was in clean-up mode as almost 70,000 head were confirmed sold week-to-date.
by WLJ
2014 August 22
With all the rain in July, things are looking a little more optimistic for wheat and stocker cattle operators than in the past four years in the Rolling Plains of Texas and southern Oklahoma, according to a Texas A&M AgriLife Extension Service specialist.
by DTN
2014 August 22
The tax law defines a hedge as a transaction in the normal course of business to minimize the risk of price change with respect to inventory or supplies. This requires a producer to have a hedging position that’s opposite the physical position on the farm and within normal production ranges.
by WLJ
2014 August 22
The rollback in price between stocker purchase price and feeder sales price, along with overall price level, is the principal determinant of the gross margin, i.e., value of gain, for stocker production. For example, Oklahoma feeder prices last week indicated that the value of 250 pounds of gain for a 450-pound steer was $1.
by DTN
2014 August 22
Japan banned beef from the U.S. and Canada in 2003 because of BSE. The beef came back in 2006, albeit limited to meat taken from cattle aged up to 20 months as an anti-BSE measure. Certain “specified risk materials” (SRMs) with high risk of carrying BSE were also forbidden.
2014 August 18
The cash fed trade developed earlier last week than usual, though the prices left a lot to be desired from the cattle feeders’ perspective. Tuesday saw a surprising number of cattle trade in the Corn Belt at $154-155 live and $245-248 dressed. This was lower than the prior week’s cash trade, which was itself lower than the week before that.
by WLJ
2014 August 15
Beef exports were up 5 percent in volume; 106,609 metric tons (mt) which equals 2,204.622 pounds) in June and set a new monthly value record of $631.7 million ( 12 percent). First-half export value also set a new record of $3.27 billion ( 16 percent).
2014 August 11
Cash fed cattle trade took its own time in happening last week. By close of the markets on Thursday, 18,288 head had been confirmed sold over the course of the week—not exactly sluggish, but not overly speedy either. The bulk of that volume traded Thursday at $159-162 live and $253-255 dressed, steady to down $4 in both areas.