steady pace throughout the last few decades. As of the most recent WASDE report, export of commodity crops around the world was 15.2 percent of total global production. In 1984, that number was 14.8 percent, in 1994 it was 14.2 percent, and in 2004 it was 14.
It’s been a hard year for the West in terms of drought, and the far western states especially. While much of the western U.S. has seen a lessening of drought incidence and intensity, states like California and Nevada are bearing the brunt of the western drought with swaths of red taking up residence in their territories.
“It sounds and feels like the hysteria of ‘get me some beef bought, I don’t care the cost’ and ‘go get some cattle lined up for next week’s kill, just pay them what they want’ that we have seen the last six weeks has subsided for at least the near term,” reported Troy Vetterkind of Vetterkind Cattle Brokerage last Thursday.
The most recent Cattle on Feed report came with a few surprises compared to prereport estimates. While the actual on-feed numbers came in almost dead on prereport expectations, the average industry estimate put placements almost three percentage...
The cash fed cattle trade continued its upward momentum with a vengeance last week as Wednesday saw over 20,000 head sell on that day alone, and at prices $5-6 higher live and $11-13 higher dressed than the prior week’s cash prices. Which, at $141-144 live and $126-129 dressed, were nothing to sneeze at to be sure.
In a recent talk held during the 108th National Western Stock Show, attorney Karen Budd-Falen— of the Budd-Falen Law Offices of Cheyenne, WY, and a name seen frequently in land-rights legal battles—regaled an audience of cattle producers with the state of the country and citizens’ access to justice.
Corn Belt—$1-2 higher live and fully $4-7 higher dressed than the prior week—by close of trade Thursday those prices had advanced to as high as $144.50 live (all grade steer average of $143.74) and dressed prices as high as $230 (all grade steer average of $228.
Both the most recent World Agricultural Supply and Demand Estimates (WASDE) report and the annual Crop Production report were released Friday, Jan. 10. The number people were waiting for was the final word on corn production for the 2013 year.
It’s a new year and an election year at that, so the body politic—and the market equivalent—have lost no time in generating proposals that need producer commentary. Below are a trio of pending actions that have the potential to greatly impact ranching.
Times have been tough in the heart of classic cowboy country these past few years. The Southwest has seen some of the worst drought it’s experienced in ages in 2011-2013. Drought and its accompanying friend, fire, has taken a toll on ag real estate and pasture values.
Last week the cash fed market continued to ride the rising tide of record prices. Though the bulk of sales were pushed off until Friday, the scattered small volume sells to regional packers were nothing if not a reprisal of the prior week’s tune, though at a slightly higher pitch.
In what is likely a long list of firsts for the year 2014, the derisive moniker of “aggag” has been applied to a proposed Indiana law by animal rights groups. The law in question focuses mostly on trespass and trains, but does include an interesting detail that could even give the agricultural world pause.
In a report released last Tuesday, USDA’s Agricultural Marketing Service (AMS) stated it had found “no reportable findings” in its required triennial management review of the Cattlemen’s Beef Board (CBB).
Cash fed trade last week was riding the strong price tailwind from the prior week. On Friday, Dec. 27, cash cattle prices increased sharply with cattle selling $3-4 higher for live at $133-136 and $3-6 higher with $210-215—mostly $212-214—for dressed.
The cash fed trade was choppy last week, given the Christmas holiday being smack dab in the middle of the trading week. Analysts expected cattle to sell steady to $1-2 higher than the prior week’s $129-130 live and $205-209 dressed in late-week trade.
In what has been called “moderately bullish,” the most recent Cattle on Feed report showed on-feed, placements, and marketing numbers below industry expectations. The decline in placements of cattle into feedlots with a 1,000-head-or-greater capacity was especially surprising and friendly to the markets.