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Cattle and Beef Markets

by WLJ
2016 May 27
There are a few agricultural producers still active who remember the 1980s and the difficult times that persisted throughout much of the decade. For those unfamiliar with the stress many producers experienced during that time, a reflection back provides a comparison and may provide insight into what to expect for the next few years.


2016 May 27
Feedlot inventories on May 1 were 10.78 million head in feedlots over 1,000 head capacity. This is up 1.3 percent from May 2015. Placements in April were 107.5 percent of year-ago levels; the third straight monthly increase in feedlot placements. April marketings were 101.


2016 May 27
Four months ago, the top brass of the Chicago Mercantile Exchange (CME) Group addressed a full house at the annual Cattle Industry Convention and National Cattlemen’s Beef Association trade show. They tackled the topic of volatility in the cattle futures and announced changes to be applied to those markets to try to rein them in.


by WLJ
2016 May 20
“This is the culmination of many months of work by U.S. government officials, as well as the U.S. meat industry, and we are very excited to resume exporting lamb to Taiwan,” said Dr. Dennis Stiffler, Chief Executive Officer of Mountain States Rosen, a producer-owned and operated processor and distributor of lamb and veal products.


2016 May 20
The cash fed cattle market disappointed last week. While beef prices were moving up counter-intuitively with increased beef production, cash cattle prices declined. Compared to the prior week’s $131-135 live and $205-210 dressed, by Thursday afternoon last week over 37,000 head had been confirmed sold at $129-133 live and $202-206 dressed.


2016 May 13
Almost all of last week’s cash fed cattle trade occurred on Thursday, with over 74,000 head confirmed sold by end of day. Prices ranged from $129.50-132 live and $200-210 dressed, both far higher than the prior week’s prices of $126-130 live and $196-200 dressed.


2016 May 13
Beef production for the year to date in 2016 is up 3.0 percent year-over-year. This increase is faster than expected as earlier expectations were for more of the annual increase in beef production to occur in the second half of the year.


2016 May 6
There’s always a silver lining. When it comes to markets, the hopeful element comes from the fact that down markets have the ability to go up. Market analysts last week were cautiously optimistic that the cattle and beef markets either have or were in the process of setting a market low for the season.


by WLJ
2016 May 6
“Cattle slaughter [year-to-date] is up 1.3 percent or 125,000 head above the prior year, while beef production is up 3.0 percent,” Andrew Gottschalk of Hedgers Edge last week. “Beef production [during the week of April 25-30] was 6.3 percent above year-ago levels.


2016 April 29
With market reins in hand, packers held off buying cattle last week until a bit on Thursday and a bit on Friday. At least for Thursday, this strategy worked out for them as it allowed them to buy cattle cheaper after near limit-down declines in the live futures market.


2016 April 29
“Careful consideration of how to report tax depreciation helps producers comply with IRS regulations and can result in a reduction of income taxes paid,” said Shannon Sand, South Dakota State University (SDSU) Extension Livestock Business Management Field Specialist.


by USDA
2016 April 29
A strengthening U.S. dollar coupled with poultry trade restrictions related to highly pathogenic avian influenza (HPAI) led to a reduction in U.S. meat and poultry exports in 2015. However, U.S. red meat and poultry exports are expected to rise over the next decade as steady global economic growth supports demand for high-quality animal proteins.


2016 April 29
The latest Cattle on Feed (COF) report showed feedlot inventories (among feedlots with 1,000 head or more capacity) on April 1 of 10.853 million head, 100.5 percent of year-ago levels. March feedlot marketings were 107 percent of last year and placements were 104.


2016 April 22
Losses on both CME live and feeder cattle futures early last week has made buyers extremely cautious. Last Monday saw limit down trading in the live cattle futures when the April prices fell by the CME daily limit of 3 cents to $1.28 per pound. Cattle futures also saw a downturn, falling 3 cents to $1.

2016 April 15
The cash fed cattle market was slow last week and what had come in was mixed. By close of trade on Thursday, only 15,000 head had been confirmed sold. Though that is sufficient for a weekly trend, it is a far sight lower than the prior week’s 50,000+ head that had been confirmed sold by that time.


2016 April 8
Mexican beef exports have grown rapidly in recent years. Total beef exports began increasing in 2009 and have increased from about 28,000 metric tons in 2008 to over 161,000 metric tons in 2015, a nearly six-fold increase. Currently, Mexico is the 10th largest beef exporting country, exceeding Argentina for the first time in 2015.




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