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Markets

by WLJ
2009 March 27
Fed cattle markets looked to be moving higher again last week as market analysts predicted late week trade would come at prices $1 above the previous week when trade unfolded. A strong late-winter storm predicted for the southern Plains had feedlot managers sticking to prices in the $85 range, and analysts called for trade in a range of $83-84 live and $133-134 dressed when it finally got underway last week, prices which would be steady to $1 higher than the prior week?s trade.
by WLJ
2009 March 27
I am sure that without a doubt, anyone in the beef industry today would agree wholeheartedly that regulations are becoming an increasingly larger and more burdensome part of our businesses and personal lives. The expansion of regulations on the food industry is not going to slow.
by WLJ
2009 March 20
The fed cattle market appeared to be gaining again last week ahead of any serious trade volume. Although there was some light trade early, most significant volume looked to be waiting for the end of the week and the cattle on feed report before getting started.
by WLJ
2009 March 13
Fed cattle trade was starting to unfold early last week in Nebraska and Colorado at $80-80.50, or 50 cents to $1 lower than the prior week. In the southern Plains, a few dressed cattle were sold at $130 in Texas, while Kansas dressed cattle sales came in at $127 on Wednesday, lower than the previous week.
by WLJ
2009 March 6
Some early fed cattle trade last week added $1 to the previous week prices in Nebraska where a handful of cattle traded to a regional packer at $131 dressed.
by WLJ
2009 February 20
A steep two-day decline in the futures markets forced feedlots to the table with inventory earlier than anticipated last week, with most of the week?s northern trade taking place last Wednesday afternoon. Live sales in Nebraska sold $2 lower, from $78-80, and dressed sales sold $3 to $4 lower, from $127-129.
by WLJ
2009 February 13
The fed cattle market appeared to be set for a Friday deal last week as only light trade had developed in the north at $131 dressed. Analysts were calling the week?s action steady to as much as $1 higher when it developed. Packer margins were being squeezed last week and they were cutting production as a result.
by WLJ
2009 February 6
The downward trend in the boxed beef market was offset by the tight supply of market-ready fed cattle last week. Packers came to the table at midweek offering steady money to prices which were $1 higher than the previous week at $130-131 dressed basis for the early trade last week in Nebraska.
by WLJ
2009 January 30
Seasonally strong beef demand is right around the corner, or at least that?s what the cattle industry?from bottom to top?is hoping for. Analysts expect January?s higher slaughter rates to slow down somewhat in February as packers and retailers try to deal with their current oversupply of middle meats and a decreased availability of fed cattle.
by WLJ
2009 January 30
The number of cattle in feedlots in the U.S. as of Jan. 1, 2009, was below most analyst’s expectations when it was announced last week, giving prices a bullish bounce on the following trading day.
by WLJ
2009 January 23
Northern feedlots sold inventory early in the week last week at lower money in an effort to capture some attractive basis levels. Early trade Tuesday and Wednesday came in Colorado at $81-82.50 live basis, 50 cents to $1 lower than the previous week.
by WLJ
2009 January 9
Sales of fed cattle got off to an early start last week after a midweek slide in futures markets offered incentives for feedlots to sell cattle before additional declines hit the market. Cattle were trading in light numbers in Texas at $85 live basis and at $134 dressed in the Corn Belt on Thursday.
by WLJ
2009 January 2
Most fed cattle trade appeared to be set for a Friday event last week as the New Year holiday interrupted the weeks business. There were a few cattle sold in Nebraska at $135 dressed, although the numbers were not enough to call the weeks trend.
by WLJ
2009 January 2
Retail grocers are heading into January with a lot of unanswered questions relating to consumer demand for all products, and for meat, in particular. Now that the holidays and the spending that traditionally accompanies them are over, consumers will be faced with the reality of an economy in recession, analysts said.
by WLJ
2009 January 2
For the first time in 30 years, Certified Angus Beef (CAB) brand annual sales reached 634 million pounds. In fiscal 2008, 15,000 CAB licensees in 46 countries achieved an 8.8 percent increase, or 51 million pounds more than 2007 sales. Despite a challenging economy, the brand saw six of its historical top 10 sales months in the past year.
by WLJ
2008 December 30
Cash fed cattle trade started last week off light, but as the holiday break approached and packers began offering $135 on a dressed basis, trading picked up rapidly. Selling interest for the dressed deals significantly outstripped that of the live cattle, as the few deals done in the south early last week hovered in the $84-85 range.
by WLJ
2008 December 30
USDA's National Agricultural Statistics Service issued the final cattle on feed report of 2008, Dec. 19, and it held some early Christmas surprises for the industry. Total numbers of cattle on feed remain well below year-earlier levels. Total cattle on feed numbers stood at 11.
by WLJ
2008 December 19
Ahead of the holiday-shortened week, fed cattle trade was underway early last Thursday with prices gaining $1-2 over the prior weeks levels.
by WLJ
2008 December 16
The Sept. 1 Cattle on Feed report showed an overall decline in the number of cattle on feed. According to USDAs National Agricultural Statistics Service (NASS), cattle on feed in feedlots with a capacity of 1,000 head or more totaled 10 million head, down 3 percent from the same date last year and 9 percent below Sept.
by WLJ
2008 December 16
Cash cattle trade at midweek showed good numbers of cattle trading hands in the southern Plains at prices mostly steady to slightly lower than the previous week. Trade came at $98-99 in Kansas, Colorado and Texas, however, most trade in the north and Corn Belt region was at a standstill as of mid-day last Thursday.
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