WLJ - Cattle and Beef Markets https://wlj.net/articles.sec-14-1-cattle-and-beef-markets.html Tue, 17 Oct 17 00:00:00 -0600 en hourly 1 Cash fed cattle trade up https://wlj.net/article-14-cash-fed-cattle-trade-up.html Cash fed cattle trade up
A correction did seem to happen in the near-term live cattle futures, with Thursday’s trade seeing low triple-digit losses. Stronger triple-digit gains during Tuesday’s trade more than kept the week See Markets on page 15.


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Beef exports strong again https://wlj.net/article-14-beef-exports-strong-again.html Beef exports strong again
August beef exports totaled 112,069 metric tons (mt), up 5 percent from a year ago and the largest of 2017. Export value was the second-highest on record at $679.1 million—up 20 percent from a year ago and trailing only the record-high value ($688.8 million) reached in October 2014....]]>
Market sees subdued gains across board https://wlj.net/article-14-market-sees-subdued-gains-across-board.html Market sees subdued gains across board

“Given what is known about supply and seasonals, the market seems fairly well priced,” commented Cassie Fish of the Beef Report. “All in all, this may not be the most exciting trade ever observed, but the market acts pretty good in total, considering the large.





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Futures gains lost; beef picks up https://wlj.net/article-14-futures-gains-lost-beef-picks-up.html Futures gains lost; beef picks up
Very few cattle had been confirmed sold last week by Thursday afternoon. Only 7,000 head had been reported sold—most of them on Thursday—at $107 live and $172 dressed. These prices were steady to slightly higher than the cash fed trade from the week before....]]>
COF: Let’s dig deeper https://wlj.net/article-14-cof-let%25E2%2580%2599s-dig-deeper.html COF: Let’s dig deeper
Feedlot placements bucked seasonal trends in July by declining, but rebounded in August, according to USDA’s most recent Cattle on Feed (COF) report (Sept. 22). Placements were reported up 2.6 percent over a year ago. The 1.93 million head placed were the most for an August since 2012....]]>
Unequal trade is still valuable to ag https://wlj.net/article-14-unequal-trade-is-still-valuable-to-ag.html Unequal trade is still valuable to ag
In recent years, though, countries increasingly have sought to facilitate trade through bilateral and regional trade agreements (RTAs). As of March 2017, the WTO notifications show that 301 RTAs and preferential trade agreements (PTAs) are in operation....]]>
What will Q4 bring us? https://wlj.net/article-14-what-will-q4-bring-us.html What will Q4 bring us?
estimate was $107-113, suggesting the USDA stills sees the low on the Montana cowboys ride toward a herd of cattle so they can be gathered and moved to a different pasture. Photo courtesy of Montana Stockgrowers Association.....]]>
USDA reports on Canada, Mexico https://wlj.net/article-14-usda-reports-on-canada-mexico.html USDA reports on Canada, Mexico
The USDA’s Foreign Agricultural Service recently issued a pair of reports on the cattle industries of the U.S.’ closest trade partners; Canada and Mexico. While the two countries are very different on cattle herd growth—Mexico’s is and Canada’s isn’t—they are in synch when it comes to trade....]]>
Futures rebound with near limit-up trade https://wlj.net/article-14-futures-rebound-with-near-limit-up-trade.html Futures rebound with near limit-up trade
Last week’s market was either a dog-wags-tail situation or a tailwags-dog situation with the cash and live cattle futures market. Whether it was higher cash leading the futures higher, or higher futures leading the way for higher cash is hard to tell. Regardless, it was a market worth wagging over....]]>
Price discovery and premiums discussed at Feeding Quality Forum https://wlj.net/article-14-price-discovery-and-premiums-discussed-at-feeding-quality-forum.html Price discovery and premiums discussed at Feeding Quality Forum
Feeders trying to fill a yard with repeat suppliers, following special protocols or participating in verification program need a return on the investment. Cow-calf producers need to get extra for their calves if they’ve spent more on improved genetics and management compared to the average....]]>
Tips for understanding feeder cattle price slides https://wlj.net/article-14-tips-for-understanding-feeder-cattle-price-slides.html Tips for understanding feeder cattle price slides
Feeder cattle prices depend on the weight of the cattle, with lightweight cattle typically having the highest price per pound (or hundredweight) and lower prices for heavier cattle. Not only do prices vary across cattle weights but the size of the price adjustment depends on the weight of the cattle....]]>
Poor temperament can adversely affect profit https://wlj.net/article-14-poor-temperament-can-adversely-affect-profit.html Poor temperament can adversely affect profit
October is a traditional weaning and culling time for spring-calving herds. Weaning for value-added calf sales is already underway. This is a time when producers decide which cows no longer are helpful to the operation and which heifer calves will be kept for future replacements....]]>
Restaurant prices less volatile than grocery prices https://wlj.net/article-14-restaurant-prices-less-volatile-than-grocery-prices.html Restaurant prices less volatile than grocery prices
Grocery store food (foodat-home) prices tend to be more volatile than restaurant (food-away-fromhome) prices, and this was true during 2009-16. Over this period, restaurant prices rose between 1.3 and 3.5 percent per year, while food price changes at the grocery store were more irregular, ranging from a 4....]]>
Export value forecast up in 2017, slightly down in 2018 https://wlj.net/article-14-export-value-forecast-up-in-2017-slightly-down-in-2018.html Export value forecast up in 2017, slightly down in 2018
The value of U.S. agricultural exports is forecast at $139.8 billion for fiscal year (FY) 2017, up $10.2 billion from FY 2016, and following two consecutive years of declining export values. The increase reflects improvement in the global economy, a lower value for the U....]]>
Value-added producer grants available https://wlj.net/article-14-value-added-producer-grants-available.html Value-added producer grants available
Value-added projects are those that process a raw product, enhance a commodity, physically segregate a commodity, create a locallyproduced food, and establish farm-based energy operation or market an agriculture product....]]>
Know the value of preconditioning calves https://wlj.net/article-14-know-the-value-of-preconditioning-calves.html Know the value of preconditioning calves
Preconditioning is a generic term that means different things to different people and encompasses the different operating procedures that may be applied to a calf prior to shipping. Preconditioning activities may include weaning, vaccinations, dehorning, castration and starting calves on a high-energy diet....]]>
Feeder cattle are the stars of a mixed market https://wlj.net/article-14-feeder-cattle-are-the-stars-of-a-mixed-market.html Feeder cattle are the stars of a mixed market
Little had happened in the cash fed cattle market by close of trade last Thursday, but it was more than the prior week had seen. Just over 10,700 head had been confirmed sold on the negotiated market at $105 live (steady with the prior week) and $165-168 dressed (up $2-3).


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U.S. beef exports continue to be red-hot in July https://wlj.net/article-14-us-beef-exports-continue-to-be-red-hot-in-july.html U.S. beef exports continue to be red-hot in July
July beef exports totaled 104,488 metric tons (mt), up 5 percent year-over-year, while export value reached $623.7 million—up 18 percent from a year ago and the highest since December 2014. For January through July, exports increased 11 percent in volume (711,364 mt) and 15 percent in value ($3....]]>
Tools for producers to manage cattle market risks https://wlj.net/article-14-tools-for-producers-to-manage-cattle-market-risks.html Tools for producers to manage cattle market risks
You always hear about these great tools. Then, you start hearing about all the ways you could combine them. Your mouth goes dry, hands begin to sweat, and the room starts to spin. You can see how this can get very complicated, very fast.


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Estate Tax is debated to death in D.C. https://wlj.net/article-14-estate-tax-is-debated-to-death-in-dc.html Estate Tax is debated to death in D.C.
“We’ll also protect small businesses and family farmers here in North Dakota and across the country by ending the death tax,” Trump said. “Tremendous burden for the family farmer, tremendous burden. We are not going to allow the death tax or the inheritance tax or the whatever-youwant-to-call-it to crush the American Dream....]]>
Calf, feeder price to see seasonal dip https://wlj.net/article-14-calf-feeder-price-to-see-seasonal-dip.html Calf, feeder price to see seasonal dip
Calf prices will likely decline a bit more to a seasonal low in October, but are expected to remain higher year-over-year through the fourth quarter. Strong stocker demand for fall and winter grazing may limit seasonal price pressure this fall....]]>
Options to consider when marketing this year’s calves https://wlj.net/article-14-options-to-consider-when-marketing-this-year%25E2%2580%2599s-calves.html Options to consider when marketing this year’s calves
While the markets may be volatile, one point of consistency every fall is that there is a host of alternatives to evaluate when thinking about marketing calves. Some producers have 2016 fall-born calves to sell, while others contemplate the best option for their 2017 spring-born calves....]]>
Cull cows: A disappointing failure or great marketing opportunity? https://wlj.net/article-14-cull-cows-a-disappointing-failure-or-great-marketing-opportunity.html Cull cows: A disappointing failure or great marketing opportunity?
A recent market data effort—the Kansas Farm Management data on Kansas cow/calf operations from 2010-2015—showed that participating operations had an average herd size of 126 head, weaned an 84 percent calf crop, and sold 106 calves and 20 head of breeding stock or cull animals annually.


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Example: A short hedge to minimize market risk https://wlj.net/article-14-example-a-short-hedge-to-minimize-market-risk.html Example: A short hedge to minimize market risk
Imagine we want to lock in a price like forward contracting would do, but we don’t have a buyer. We let the futures market become our buyer. Let’s assume the basis is going to stay constant, we...]]>
2017 bull sale season kicks off - Success depends on seedstock/commercial cooperation https://wlj.net/article-14-2017-bull-sale-season-kicks-off.html 2017 bull sale season kicks off - Success depends on seedstock/commercial cooperation
Labor Day kicks off the traditional fall bull selling season. It is an exciting time! The fall bull sale represents two years of work by the seedstock breeder from the time they made the breeding decisions that resulted in the bulls they are marketing.


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A glimmer of hope? - Futures, beef, feeders all gained https://wlj.net/article-14-a-glimmer-of-hope.html A glimmer of hope? - Futures, beef, feeders all gained
“Cash cattle prices last week [Aug. 28-Sept. 1] were the lowest for that week since 2010. Last fall, cash prices bottomed in October at $97 and there is concern that price will be revisited this year. But unlike the last 2 years, it is cash leading the market lower, not futures.


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Now is time for producers to consider stocker options https://wlj.net/article-14-now-is-time-for-producers-to-consider-stocker-options.html Now is time for producers to consider stocker options
Labor Day seems a bit early for many producers to be talking seriously about fall and winter stockers. However, a wet and cool August opens up a broader set of stocker possibilities than is typical in Oklahoma. Most of the state received upwards of double normal precipitation in August and forage is green and growing most everywhere....]]>
Markets mixed for a change https://wlj.net/article-14-markets-mixed-for-a-change.html Markets mixed for a change
His predictions seemed to come true by the time the bulk of the week’s trade got underway. By close of trade Thursday, over 52,000 head of fed cattle traded on the cash negotiated market at $102-105 (average $104.70) live and $164-166 (average $165.07) dressed.


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Basis flip threatens fed cattle currentness https://wlj.net/article-14-basis-flip-threatens-fed-cattle-currentness.html Basis flip threatens fed cattle currentness
It was another disappointing week in the markets; cash prices down for fed cattle, profitability in cattle feeding evaporating, cutout values continuing to decline, and continuing concerns over future currentness. Everything wasn’t in the red—some futures gained— but the tone was decidedly depressed.


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Challenges, opportunities in the world beef market https://wlj.net/article-14-challenges-opportunities-in-the-world-beef-market.html Challenges, opportunities in the world beef market
International beef trade issues continue to be dynamic and are impacting cattle prices short and long term. The U.S. is a major producer of beef, pork, chicken and turkey in the world and also a major exporter of those commodities. The U.S. also is a major importer of beef....]]>