While the cash trade last week seemed indecisive—at first sending signals that the market would be steady to lower, then later suggesting it would be steady to higher—the big questions focused on what packers would be doing.
The ongoing issues of the Klamath Basin water wars have run head on with the increasing drought the West Coast is experiencing. In the face of less water and conflicts over water rights, official efforts to shut down private wells have surfaced.
The most recent World Agricultural Supply and Demand Estimates (WASDE) report held few surprises. The biggest movers, however, were the increased export estimates for corn and the increased production of beef being offset by decreases in pork.
USDA’s National Agricultural Statistics Service (NASS) has announced two important data-keeping moves. On the one hand, the Prospective Plantings report is on the horizon and needs producer participation, and on the other hand, it has announced that some of the previously sequesterended agricultural reports will be reinstated.
Cattle are dying in Australia’s southeastern state of New South Wales of unknown causes. The disease—called “3D Syndrome” after its three visible symptoms of drooling, diarrhea and death—has resulted in the deaths of hundreds of otherwise healthy cattle with calves being the hardest hit.
Cash priced continue to settle lower, making the second week this year where the cash fed cattle market did not set a new high record. Compared to the prior week which saw live prices at $144-146 and dressed prices at $230-232, the meager number of sales which had been recorded by last Thursday had declined to $139-141 live and $225 dressed.
The now-annual Cattle Inventory report was released on the last day of January. The verdict is a slightly bullish, hopeful one. Beef replacement heifers were up, and even if they weren’t up as high as had been hoped, there are several details that inspire optimism for the future.
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.