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Cattle and Beef Markets

2014 June 6
Widespread rains over the Memorial Day weekend may have curtailed holiday activities but were enthusiastically welcomed by cattle producers in the Southern Plains. Much of the worst drought areas in eastern New Mexico, western Texas and western Oklahoma received rainfall that was very timely for forage production.
2014 May 26
Last week was the final week retail buyers could fill grocery store coolers with beef ahead of the Memorial Day holiday. That longawaited beef procurement finally came in the 11th hour, bringing up several portions of the cattle and beef market complex.
2014 May 19
Last week’s release of the most recent World Agricultural Supply and Demand Estimates (WASDE) report was the first of the year to include predictions of the 2015 production rates. The upcoming year is expected to be one of decreasing beef production, but increased production of pork, chicken, corn and soybeans.
by WLJ
2014 May 16
The program provides financial assistance to small (less than 500 employees) for-profit companies or U.S. agricultural cooperatives that own a commodity brand, with the provision that products promoted under the program must contain at least 50 percent U.
by WLJ
2014 May 16
In the first quarter of 2014, Nebraska steers sold at an average price of $147 per live hundredweight; more than $20 higher than the previous first-quarter record price. Nationally, finished cattle prices were up 17 percent during the first quarter. With production only down 4 percent, the hike has been somewhat unexplained.
by DTN
2014 May 9
The nightmare of the 2013 tax return preparation season was the new 3.8 percent net investment income (NII) tax. The good news is this tax only applies to the extent income on page 1 of the Form 1040 exceeds $200,000 single or $250,000 joint.
2014 May 9
Walmart executives used the event to talk about how to “rewire the system” in ways that would have a significant impact on improving the environment. That entailed touting various collaborative efforts to improve efficiency and reduce waste throughout the supply chain for Walmart stores.
by WLJ
2014 May 9
The pace of U.S. beef and pork exports increased sharply in March, driven by double-digit increases to leading markets Mexico, the China/Hong Kong region and South Korea, according to statistics released by the USDA and compiled by the U.S. Meat Export Federation (US- MEF).
2014 May 5
Cash trade was slow to develop again last week, but when a little trade happened on Thursday, the numbers were a surprise. With a little over 7,000 head sold by Thursday afternoon, prices were steady to up $5 compared to the prior week with steers selling live at $148-150.
2014 May 2
The futures markets reacted favorably to what was a decidedly bullish surprise from the most recent Cattle on Feed report. Following the report’s release, feeder futures and live futures to a lesser extent surged on word that there will be fewer cattle than expected in the coming months.
2014 April 28
“Packers are trying to lay in the weeds and say they have enough inventory around them and that domestic beef business has yet to pick up seasonally,” reported Troy Vetterkind of Vetterkind Cattle Brokerage. “This may be true to a certain extent but they do have first of May beef orders to fill and export orders have been robust lately.
2014 April 21
The cash fed trade developed in a slow trickle throughout the week last week. By Thursday afternoon, over 59,000 head had been confirmed sold for the week at a weighted average of $146.79 live and $233.33 dressed. That was decidedly lower compared to the prior week’s $147-148 live and $240-241 dressed prices.
by DTN
2014 April 18
On the positive side, exports to Asia increased 5 percent for a total of $1.2 billion while exports to Canada increased 6 percent for total of $4.3 billion. The increase in Asia was aided by China having government polices still supportive of agriculture focusing on productivity and increasing farm income, he said.
2014 April 14
Packers are bleeding out red ink again, and last week looked like the cash fed cattle market was going to wring a bit more red out of them. By close of trade Thursday afternoon, barely 5,000 head had been confirmed sold for the whole week, and then only at $150 live and average $240.
2014 April 11
Last Wednesday saw the release of the most recent World Agricultural Supply and Demand Estimates (WASDE) report. The report was called bullish for corn given the increases made to corn export to reflect the quick pace of corn trade in recent months, and not all that surprising for meat.

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