Calf prices continued to flex contra-seasonal muscle, with calves trading $5-$10/cwt. higher, according to the Agricultural Marketing Service. Yearlings sold $3-$7 higher. Higher cash fed cattle prices and sharply higher wholesale beef prices provided support.
Dressed steer weights the first three weeks of September were 25-29 lbs. heavier than the five-year average, according to analysts with the Livestock Marketing Information Center (LMIC). Even so, with short cattle numbers, LMIC analysts expect the market to absorb the heavier weights and still maintain fed cattle prices near current levels....More
Calf prices continued to flex contra-seasonal muscle, with calves trading $5-$10/cwt. higher, according to the Agricultural Marketing Service. Yearlings sold $3-$7 higher. Higher cash fed cattle prices and sharply higher wholesale beef prices provided support....More
Given the cattle market action from May through July, it almost seemed as if there was no stopping the bull run in the cattle market. Reality set in during August, however, with live cattle prices being subjected to a consolidating trend....More
Corn producers, fueled by ethanol demand, have led the pack for the last nine years in the commodity market. However, conditions have changed and corn farmers have now handed the baton to cattle producers, but managing volatility will be the watchword....More
Late last year, National Beef announced plans to close its Brawley, CA, plant this spring. Meanwhile, Iowa beef producers are eagerly anticipating the Oct. 1 reopening of the Tama, IA, beef plant....More
Which comes first when rebuilding – forages or cows? Asked another way, will more forage acreage bring about more cows? Or do more cows ultimately mean more ground committed to forages? Either way, the outcome is the same: more forage ground is necessary to support a larger cowherd over time....More
The Chinese use two symbols to simultaneously represent the concept of risk or crisis: one is danger, the other is opportunity. That’s an appropriate characterization of the risk and reward potential inherent in today’s commodity markets....More