Latest News From Markets

Marfrig Investors Upset By Fine Print In National Beef Sale

Analysts claim Marfrig's financial leverage will remain elevated even after the recent sale of assets aimed at reducing debt load.

Analysts claim Marfrig's financial leverage will remain elevated even after the recent sale of assets aimed at reducing debt load.
Marfrig Investors Upset By Fine Print In National Beef Sale

Analysts claim Marfrig's financial leverage will remain elevated even after the recent sale of assets aimed at reducing debt load.

Market Highlights: Cattle Feeders Betting on the Come
Market Highlights: Cattle Feeders Betting on the Come

It would appear cattle feeders are betting on the come in the market based on strong cash feeder cattle prices.

August Record Set for Cattle on Feed with 11.1 Million Head Reported

Cattle on Feed reaches nearly 11.1 million head, the highest mark reached for August since USDA began the series in 1996.

E. coli Finding Forces Cargill to Recall 25,000 lb. of Ground Beef

More than 25,000 lb. of ground beef has been recalled after Cargill Meat Solutions determined that the product was possibly contaminated with E. coli.

Cattle on Feed reaches nearly 11.1 million head, the highest mark reached for August since USDA began the series in 1996.
August Record Set for Cattle on Feed with 11.1 Million Head Reported

Cattle on Feed reaches nearly 11.1 million head, the highest mark reached for August since USDA began the series in 1996.

More than 25,000 lb. of ground beef has been recalled after Cargill Meat Solutions determined that the product was possibly contaminated with E. coli.
E. coli Finding Forces Cargill to Recall 25,000 lb. of Ground Beef

More than 25,000 lb. of ground beef has been recalled after Cargill Meat Solutions determined that the product was possibly contaminated with E. coli.

Cattle Lose $30, Hogs Lose $40 Per Head

Cattle and hog margins are headed south as supplies build and packers run near capacity.

Feeder cattle ends sharply higher and lean hog contracts settle lower.
Cattle Lose $30, Hogs Lose $40 Per Head

Cattle and hog margins are headed south as supplies build and packers run near capacity.

Angus fed steers in a feedlot.
CAB Insider: Seasonality Rules September

The fall seasonal trend strongly implies lower beef carcass cutout values after Labor Day through the middle of October.

Red Angus cows and calves grazing on pasture in Oregon.
In The Cattle Markets: Cattle Market Overriding Themes

We are now fully transitioning into a primary calf selling time of the year for cow-calf producers and into an active buying time for stocker producers.

Market Highlights: Seasonal Patterns Pushing Cattle Prices Down
Market Highlights: Seasonal Patterns Pushing Cattle Prices Down

The softening that is taking place in today’s market seems to have more to do with the seasonal price patterns established through supply and demand factors.

Caviness Plans to Expand Packing Plant Capacity to 2,600 Head per Day

An expansion to a Texas Panhandle packing plant will add 800 more head per day in slaughter capacity, primarily for cull cow and bull processing.

Forage conditions don’t provide much fodder for optimism going forward. 
Fourth Quarter Cattle Feeding Shows Promise

Feeding margins with red ink will continue into September, but in general the losses are not crippling.

Preparing to load stocker cattle.
In The Cattle Markets: Lots of Down-Side Risk Ahead

In the end, there appears to be a lot of sources of downside risk and little potential for improved prices.

Large kills and on time marketings in most areas should help stem the downward movement in the cash trade market.
Hang On For The Up And Down Market

Large kills and on time marketings in most areas should help stem the downward movement in the cash trade market.

Feeding Margins Back In the Red
Feeding Margins Back In the Red

Cattle feeding margins declined $34 per head last week as cash cattle prices fell $2 per cwt. , leaving closeouts $5 per head in the red.

3 Considerations for Retained Ownership

Cow-calf producers have a number of factors to consider when weighing the decision of retained ownership.

Market Highlights: Beef Demand Key for Cattle Markets
Market Highlights: Beef Demand Key for Cattle Markets

The key to the market will continue to be beef demand as expected supply will change very little.

3 Considerations for Retained Ownership
3 Considerations for Retained Ownership

Cow-calf producers have a number of factors to consider when weighing the decision of retained ownership.

In The Cattle Markets: Beef Continues to Fare Well and Personal Note
In The Cattle Markets: Beef Continues to Fare Well and Personal Note

Beef, pork and poultry production are increasing. Fortunately, something else has changed. Specifically, beef demand is rising.

Traceability: From Gate to Plate

Kansas pilot project aims at improving cattle traceability.

Kansas pilot project aims at improving cattle traceability.
Traceability: From Gate to Plate

Kansas pilot project aims at improving cattle traceability.

CAB Insider: Where Are the Fed Steers
CAB Insider: Where Are the Fed Steers

At this point in early August, we’ve added the June and July head harvest counts only to see steer harvest not only failed to increase in the year-over-year numbers, but actually declined.

Retaining ownership is a coin flip proposition in 2018-19. Despite low feed prices, producers need to watch their breakevens. “Breakeven price is 75% driven by the cost of the cattle,” says John Nalivka, Sterling Marketing.
Toss-Up on Retained Ownership

The risks and rewards of retained ownership are fairly even.

Brad Hulett Market Ally feature photo
Summer Trade See-Saw Upswing $2

The combination of higher board and healthy packer participation helped push the market $2 higher in most regions.

Feeder cattle close down sharply and lean hog contracts finish lower.
Market Highlights: Feeder Cattle Prices Finding Footing

Feeder cattle prices have found some footing the past couple of weeks with prices slightly higher this week compared to last week.

More Cattle, Lower Hog Prices Has Little Impact on Beef Markets
More Cattle, Lower Hog Prices Has Little Impact on Beef Markets

Despite cattle prices being lower than year-ago levels, of the major livestock markets beef has weathered the storm better than poultry or pork.

In The Cattle Markets: Cattle vs. Beef Cycles
In The Cattle Markets: Cattle vs. Beef Cycles

The latest USDA Cattle report provided the most recent pieces of information to the ever-evolving cattle inventory picture.

Drylot cows
Dry Lotting Cow-calf Pairs as an Alternative to Summer Grass

Research by the University of Nebraska investigating summer dry lotting of cow-calf pairs has shown seasonal dry lotting can be a cost competitive option to traditional production systems. 

The IGS Feeder Profit Calculator incorporates the genetic knowledge of most mainstream sires, regardless of breed, by referencing their EPD profile.
Feeder Profit Calculator Offered by International Genetic Solutions

The IGS Feeder Profit Calculator incorporates the genetic knowledge of most mainstream sires, regardless of breed, by referencing their EPD profile.

Market Highlights: Picture Clears for Rest of Year After Cattle Report
Market Highlights: Picture Clears for Rest of Year After Cattle Report

Moving through the second half of 2018, the picture will become even clearer as the fall run of calves come to market and as producers continue to cull cows.

Fed cattle in a feedlot.
Cattle Inventory Increases; Impact of Tariffs Hangs Over Markets

One unknown hanging over all meat markets is the impact of rising tariffs on meat exports.

Local ranchers will be repaid within 18 months court documents say.
Sam Kane Agrees to Repay Nearly $38 Million to Local Ranchers

Sam Kane Beef Processors LLC agreed to promptly repay nearly $38 million in payments owed to livestock sellers, as two complaints were filed saying the company violated the Packers and Stockyards Act.

CAB Insider: Texas Packers Cruise to 70% Choice and Prime
CAB Insider: Texas Packers Cruise to 70% Choice and Prime

The past decade shows a 23 percentage point improvement in marbling across Texas packers, matching that of Kansas if we use 2008 to the mid-year 2018 figures.

Fed steers in a feedlot.
July Cattle on Feed and Mid-year Cattle Inventory

The July Cattle report confirms larger cattle inventories in 2018.

Feedlot cattle being received.
In The Cattle Markets: No Huge Surprises in Cattle on Feed Report, But

USDA’s Cattle on Feed report, released July 20th did not include many big surprises, but there were some interesting points. But, first the basics.

Market Highlights: Strong Feeder Cattle Market
Market Highlights: Strong Feeder Cattle Market

Feeder cattle futures have been showing strength and the cash market is in tow though at a slower pace.

Cattle on Feed Up 4%

USDA's July 2018 cattle on feed estimate was the largest July 1 inventory since the series began in 1996.

USDA's July 2018 cattle on feed estimate was the largest July 1 inventory since the series began in 1996.
Cattle on Feed Up 4%

USDA's July 2018 cattle on feed estimate was the largest July 1 inventory since the series began in 1996.

Feeder Cattle Cash Market Price Volatility Diminishes
Feeder Cattle Cash Market Price Volatility Diminishes

By the numbers, cattle producers with summer stockers and cow-calf operations should be experiencing a bit less stress about the market this year.

In The Cattle Markets: 2018 to Date
In The Cattle Markets: 2018 to Date

Cash market prices topped out for the year in February when the weekly 5-market average was $129.75 per cwt. (live basis) and prices eroded only to rebound slightly in May to $124.81.

Expect cattle and other livestock price volatility to continue until trade disputes are resolved.
Spotlight on Economics: Cattle Price Volatility Continues

Expect cattle and other livestock price volatility to continue until trade disputes are resolved.

<p>Feeder steers standing in a feedlot pen.&nbsp;</p>
Packer, Feeder Margins Erode

Cash cattle prices declined $2 per cwt. last week while the beef cutout dipped $3 per cwt., contributing to lower industry margins.

Friona Ind. Buys Two Cattle Empire Feedyards

The addition of the two Cattle Empire yards boosts Friona Industries to the nation's second-largest cattle feeding entity.

U.S. President Donald Trump speaks during a meeting with governors and members of Congress at the White House in Washington, U.S., April 12, 2018.
Market Highlights: Political Rhetoric Could be a Beef Market Mover

If the current political rhetoric persists then very little change is expected, but an escalation of said rhetoric could be a market mover.

The addition of the two Cattle Empire yards boosts Friona Industries to the nation's second-largest cattle feeding entity.
Friona Ind. Buys Two Cattle Empire Feedyards

The addition of the two Cattle Empire yards boosts Friona Industries to the nation's second-largest cattle feeding entity.

The effects may not yet be visible from your perch at the local auction, or from the saddle as you ride pastures checking cattle. But the digital disruption is rapidly upending the meat industry, too.
Digital Disruption: Technology is Transforming the Meat Business

As technology transforms the meat business, the impacts will resonate throughout the supply chain.

Grilling Season Gives Beef a Retail Boost
Grilling Season Gives Beef a Retail Boost

The summer heat helps move meat, especially beef for grilling.

CAB Insider: Beef Delivers More Value at Higher Price
CAB Insider: Beef Delivers More Value at Higher Price

Average beef carcass cutout values in 2018 so far are just slightly higher than a year ago with the comprehensive cutout up just a penny over the first half of 2017 at $2.14/cwt.