Last Monday, the November World Agricultural Supply and Demand Estimates (WASDE) report was released. Most noteworthy was the one-month reversal of corn yield rates, even as analysts still call for higher yield estimates.
The cash trade was slow to develop last week as packers were stretching what they had in committed cattle to cover reduced production needs. Increases in the futures also had them holding off buying in hopes of a downturn as cattle feeders were asking for higher money.
One industry detail you’ve likely seen bandied about since summer is the return on investment numbers for the Beef Checkoff Program. For every dollar invested in the checkoff, the program has reportedly returned about $11.20 to the beef industry.
You may have heard about the benefits of probiotics in health food stores or from your doctor. But the microorganisms that colonize the human gut aren’t the only ones that need some love. Cattle and their colonies of gut microbes also benefit from special attention.
Activity in the cattle and beef markets was slow last week as the nation turned its attention to the elections and the strength in the outside markets. Live and feeder cattle futures were quietly mixed as more attention-grabbing markets—the Dow and the S&P 500— set record highs.
When you see a cow out on the range with her nose to the ground, or a steer with his head buried in a feedyard bunk, what do you see? If “bovine-shaped microbe homestead” or “four-legged fermentor vat” isn’t among your mental list, you should add them.
Meat Export Federation (USMEF) hosted a press conference with representatives and leaders from various regions worldwide. Topics included what has gone on so far this year in U.S. meat trade, where it has seen success, where it still faces challenges, and where there are some opportunities.
This is the final week to submit comments on the Environmental Protection Agency’s (EPA’s) and the Army Corps of Engineers’ (Corps’) proposed Waters of the U.S. (WOTUS) re-definition. Assuming the deadline isn’t extended again, comments are due Friday, Nov.
By close of trade Thursday, slightly more than 9,000 head had been confirmed sold. Average live prices for steers were $167.50 and $263 dressed. Though light for a total-week sale, that likely set the tone for whatever cleanup trade that happened Friday.
When an environmental group gives a talk about the destruction of an ecosystem, the usual narrative paints figurative horns on grazing livestock. It is less common—and more than a little refreshing—when grazing livestock and ranchers instead get the proverbial halo of the potential hero.
The most recent Cattle on Feed report, released Friday, Oct. 24, was called roundly neutral for its lack of divergence from the past year, and for falling in line with prereport estimates. There was one additional slaughter day in September 2014 compared to 2013.
The industry seems to be running a manic two-part market game. On the one hand, strength in the cash fed and feeder markets was striking last week, as were gains in both futures markets, yet at the same time there was continued information on declining and disappointing beef movement.
“Cattle-free in ’93!” Despite over two decades of failure, this mantra still highlights the reality that there are people who want to remove cattle (and sheep and other domestic livestock) from the public range.
A recent report from Rabobank suggests the future of beef abroad will be Brazil. However, the country—already the world’s second largest beef producer and largest exporter—is not nearly as efficient as its fellow beef competitors. The answer will be American-style feedlots, fueled by the growing Brazilian grain industry.
Most things were up in the most recent World Agricultural Supply and Demand Estimates (WASDE) report, released in the afternoon on Oct. 10. For beef, the increased production estimated hinged mostly on increased carcass weights, but corn and soybean yield estimates were finally catching up with what analysts have been saying for months.
Unlike past weeks, trade got underway earlier than usual last week. By Wednesday, over 50,000 head had been confirmed sold with Kansas, Nebraska, and the western Corn Belt leading the charge, despite analysts’ early week projections of late week trade.
Today was supposed to be the last day comments would be submitted on the Environmental Protection Agency’s (EPA’s) and the Army Corps of Engineers’ (Corps’) proposed Water of the U.S. (WO- TUS) rule. But, as before, the comment period has been extended. Comments can now be submitted through to Nov.
With the recession diminishing in the memories of the country, and people dissatisfied with waiting any longer to invest, the land market in the intermountain region has decidedly picked up. There is optimism and buyer interest with some looking to invest and others looking to expand.
The second week of October looked an awful lot like the first week in terms of the cattle markets. Cash was slow to start with expectations putting it at higher money, futures continued upwards, feeders sold for more money, and the beef complex gained some ground while still leaving packers in the red.
Back in the days of the old West, the Pony Express saw fleet-footed horses and their daring riders charging west through hostile territory to get mail through to its destinations. Now the ponies are pointed east and aimed to charge into hostile territory to deliver a petition to the government.