Wes Ishmael

Wes
Ishmael
Articles
Cattle prices barrel lower
Compared to two weeks earlier, Feeder Cattle futures closed an average of $16.62 lower across the board on Friday. Live Cattle futures were an average of $9.39 lower compared with two weeks earlier.
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Red meat production forecast record large
Although beef production this year is estimated to be 2.1% less by the Livestock Marketing Information Center, record-large pork and broiler production set the stage for record-large red meat and poultry production.
Data supports aggressive herd expansion
“The ratio of steers to heifers in feedlots since April of this year has reached levels not seen since the cyclical expansion in the early 1990s," says Derrell Peel, Extension livestock marketing specialist at Oklahoma State University.
Buyers get choosier, preconditioned calves ring up the bids
Calf prices were widely inconsistent this week at steady to $5 per cwt higher, to $5 lower with instances of $10 either way, according to the Agricultural Marketing Service. Feeder cattle traded steady to firm.
Carcass weights and frozen supplies spike higher
Total pounds of frozen beef at the end of September were record-large for the month; the data series began in 1915. Frozen pork supplies were record high for the month of September, too.
Beef demand grows in third quarter
Beef demand in the third quarter was 8.7% more than the same quarter in 2014, according to the recent Kansas State University (KSU) All Fresh Beef Demand Index.
Heavyweight feedlot placements increase again
September placements of feeder cattle weighing 800 pounds or more increased 7.8% year over year, representing 43% of placements, according to the monthly Cattle on Feed report. Total placements of 1.93 million head were 4% less year over year.
Prices continue higher with little conviction
Wariness was most apparent in the cash fed cattle market. Trade remained at mostly a standstill through Friday afternoon with a sizable gap between prices cattle feeders wanted and those being offered by packers.
Necessary market correction yields positive signs
“The next two weeks are likely to be the most critical in determining the cattle market situation for the remainder of the year,” says Derrell Peel, Extension livestock marketing specialist at Oklahoma State University.
Cattle prices move higher across the board
Cattle prices moved higher with futures prices and wholesale beef values setting a firmer and higher undertone.
Fed price decline is historically steep
Other than in 1974, cash fed cattle prices in August and September dropped the most for that eight week period in 41 years, according to analysts with the Livestock Marketing Information Center.
Export pressure continues
Beef export value in August (most recent data) was 24% less than year-ago levels, according to the U.S. Meat Export Federation this week. Export value of $498 million was the lowest in 18 months. By volume, exports were 18% less than a year earlier.
Cattle futures and outside markets boost cattle prices
Calf and feeder prices finally reversed course this week. From mid-week onward—thanks to a rally in cattle futures--calves traded firm to $5 per cwt higher (instances of $10 higher) and yearlings brought $3-$10 more, according to the Agricultural Marketing Service (AMS).

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