After moderating briefly during weather-related market disruptions the past couple of weeks, calf prices took another step forward at auction this week. Steers weighing less than 800 lbs. and heifers weighing less than 700 lbs. traded firm to $5/cwt. higher, according to the Agricultural Marketing Service (AMS) Friday.
“After years of tightening supplies, the cow-calf sector will again remain in the driver’s seat during 2014,” said Kevin Good, CattleFax senior market analyst, at this week’s annual CattleFax Outlook seminar.
Calf and feeder cattle prices showi signs of weakness as cash fed cattle prices and wholesale beef prices soften. “The amount of grass and the timing of the grass availability this spring will be a major factor in calf prices from March through May," says Andrew P. Griffith, University of Tennessee agricultural economist.
The National Cattlemen's Beef Association joined other mainstream livestock organizations in opposing the Agricultural Act of 2014 — the farm bill that came out of a bilateral conference committee, passed in the House last week and goes to the Senate for a likely vote next week— retains anti-competition provisions that NCBA and other groups were against.
HeartBrand Beef is forging a consumer-driven path with the Akaushi breed of cattle. Akaushi is a revered Japanese breed of cattle, of which there’s a closely held nucleus in the U.S., that shatters most American cattle producers’ notions about Japanese cattle
Calves and yearlings traded near steady in a holiday-shortened week that was also disrupted by winter weather. Week-to-week, Feeder Cattle futures closed an average of $2.11 higher except for $1.40 and 65¢ higher at the back of the board.