Home / All News / Cattle and Beef Markets
Search:inAuthors List

Cattle and Beef Markets

by WLJ
2013 July 5
With the first half of the year behind us, it is useful to take a look at what has happened and the prospects for the second half of 2013. Beef demand has been and remains a crucial question, perhaps even more so in the second half of the year. Currently, Choice boxed beef prices are roughly $127/cwt.
by WLJ
2013 July 5
“It is a rare occurrence that all sectors within the cattle industry are profitable at the same,” says report author and Rabobank FAR group analyst Don Close. “However, before the U.S. cattle industry can begin to fully rebuild after several years of contraction, it is necessary for equity recovery to take place in the cattle feeding sector.
2013 June 24
Light cash trade developed sporadically throughout last week with Iowa and Nebraska selling several hundred head on Tuesday and Wednesday at $120-122 live and $190-192 dressed with a few at $194 dressed going to a regional packer in Nebraska.
by WLJ
2013 June 21
Mexico has long been a major beef industry trading partner with the U.S. in roles that have continually evolved into deeper and more integrated relationships. For many years, Mexico has been the major source of imported feeder cattle. U.S.
2013 June 14
Beef production estimates were increased by 330 million pounds (mp) to 25.52 billion pounds (bp) for 2013. Continued poor range conditions in key cattle states pushing relatively large placements of cattle into feedlots and continued high cow slaughter were credited by USDA as the motivation behind the estimate increase.
by WLJ
2013 June 10
The cash trade was put off until later last week as packers again tried to hold onto their positive margins in the face of steadily declining product values. Bids only surfaced on Wednesday at $121 live in the South Plains, which would be $3-4 lower than the cash prices of the prior week.
2013 June 3
The cash markets were sluggish as packers are trying to hold onto their positive profit margins as cutout values have begun to move lower. By midweek, the asking prices were $126-128 live and $202-204 dressed, but packers were only bidding $122 live in the South Plains and $197 in Nebraska by Thursday morning.
2013 May 27
Cash trade on live cattle kept analysts guessing throughout the week. At first, expectations were for a midweek startup, then after the futures’ bust on Wednesday, analysts were calling for a lateweek trade. All the while, the cash market failed to show the repeatedly record-setting cutout values.
by WLJ
2013 May 24
Choice boxed beef finished last week at a record weekly average of $207.49/cwt., up $4/cwt. from last week and up $17/cwt. from the recent lows last month. Though this market may be near a peak, the strength and duration of the recent run has been impressive and sets the stage for a stronger summer beef market.
2013 May 20
By Thursday afternoon, about 15,000 head had been confirmed sold, adding to the 8,000 head sold throughout the week. With the exception of Texas—where live cattle sold at $125, a dollar lower than the prior week’s live price—nothing in trendsetting numbers.
2013 May 17
Friday, May 10 saw the release of the most recent World Agricultural Supply and Demand Estimate (WASDE) report. Though the report contained very few surprises compared to prereport industry expectations, this was the first WASDE report of the year to include domestic projections for the 2013/2014 marketing year and 2013 world production estimates.
2013 May 13
The Australian beef industry is experiencing a perfect storm of economic disaster. Drought, oversupply from closed markets, and ag policy gone awry have left Aussie producers scrambling to find an alternative to simply shooting the hundreds of thousands of excess animals which cost more to feed and ship than they’re worth at market.
by WLJ
2013 May 10
March exports of U.S. beef were down in volume from a year ago but edged slightly higher in value, while pork exports slumped on lower results in several mainstay markets. According to statistics released by USDA and compiled by the U.S.
by WLJ
2013 May 10
Choice boxed beef reached record levels above $200/cwt. last week, with fed cattle prices not far behind. The late spring rally comes after boxed beef and fed markets appeared to have topped in March.
by WLJ
2013 May 6
The cash trade developed relatively early given the recent trend. By Wednesday, trade had begun at $128-129 live in the South Plains and $207 dressed in Colorado. The activity continued Thursday morning with dressed trade going for $205 in Nebraska and $207 in the Corn Belt on active trade.
by WLJ
2013 May 3
Total beef production for the year to date is down 1.3 percent and total slaughter is down 2.1 percent compared to the same period last year. Both beef production and slaughter have been larger in recent weeks and the yearto-date total is down less than expected.

Sales Calendar

Goto live view to see the calendar