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Rising wholesale beef prices and declining packing plant utilization are two indicators to watch as the 2023 cattle markets unfold.
Average cattle feeding margins increased last week as negotiated cash prices set new record highs.
As cash cattle prices have been on an upward trajectory in 2023, packer margins have correspondingly moved lower. Sterling Marketing’s weekly estimates are printing packer margins red for the first time in six years.
Cattle and hog harvest rates were lower last week with higher cash prices paid to farmers and feeders. Margins for both beef and pork packers are trending lower.
Profit margins for cattle feeders increased as cash prices moved higher last week. Pork producers continue operating with negative margins.
Momentum continues to shift in cattle markets with strong feeding margins and tightening supplies. Pork producers continue to struggle with negative margins.
Cattle feeding margins declined last week after modest declines in cash cattle prices. Pork producer margins remain underwater.
Cattle feeders have experienced their best month in years with prices reaching record levels. Hog producers, however, are struggling to keep margins out of the red.
Cattle feeders sold more cattle last week than any week this year and at the highest price in history. Pork producers saw modest profits.
Cattle feeders saw their margins shrink $70 per head last week as a modest increase in market-ready supplies led packers to sharply cut their negotiated purchases.
If a seasonal price decline develops as anticipated, this year’s starting point for cattle feeders is the best in a decade. Pork producers notch their second week of modest profits.
Cash cattle prices declined last week for the first time in a month, but wholesale prices moved higher for the fifth consecutive week. Prices for yearling feeder cattle placed on feed topped $200 per cwt.
Grilling season set to kick off as both packers and cattle feeders operating with profitable margins. Pork producers continue the struggle to reach profitability.
Packers have navigated through the tightest supplies of the season while maintaining profitability. Now, supplies are anticipated to increase seasonally which could swing more leverage in their favor.
Cattle feeders saw average profits of more than $300 per head last week while pork producers found average losses of about $13 per head.
Cattle feeders experience largest average profits in seven years as packer margins dip into the red.
Profit margins for cattle feeders and packers continue pacing in opposite directions as shrinking supplies of market-ready cattle drive negotiated cash prices higher.
Wholesale beef prices continue to support packer margins even as negotiated cash cattle trade well-above the five-year average. Pork producers enjoy a market rally that has lifted margins out of the red.
During a bilateral meeting on Thursday, U.S. Trade Representative Katherine Tai discussed with Mexico’s Secretary of Economy Tatiana Clouthier various issues concerning energy and biotech corn.
Erik Lichtenberg, University of Maryland professor, says Congress could reorient farm bill conservation funds for climate change, but it could cut into their support.
Public lands ranchers will have the opportunity to communicate face to face with federal agency administrators in Reno, Nevada on Tuesday, July 11, 2023, during an event hosted by Good Grazing Makes Cent$.
Passing of “Bud” Sloan, well-respected owner of Continental Livestock Services for over three decades, and 1964 National Angus Herdsman of the year.
Representatives from the U.S., Mexico and Canada will meet in Cancun, Mexico this week to discuss a series of disputes, including Mexican energy and biotech policies and Canadian dairy barriers.
The National Drought Mitigation Center estimates 67% of corn and 60% of soybeans are still considered to be in drought, a slight improvement from last week when drought covered 70% of corn and 63% of soybeans.
Water quantity and quality is critical to cattle health and performance. Hot weather and drought conditions can impact both water quality and quantity for cattle.
Beijing on Monday announced export controls on gallium and germanium. Now the Biden administration is set to restrict Chinese companies’ access to U.S. cloud-computing services that use AI chips.
Within each of us is a collection of stories about how we’ve tried, failed, succeeded and overcame obstacles. These are meant to be shared to improve the lives of others. Here’s how.
The use of shades in feedlots has made a big difference in the effects of heat on fat cattle, but a few other strategies can help keep cattle cool, enabling cattle to keep gaining, even in the dog days of summer.
Oklahoma State investigated using distiller’s grain cubes in a supplementation program for growing steers with mineral supplements containing ionophores offered free-choice in a separate complete mineral mix.
Prices are higher as tighter numbers and beef supplies push markets toward record levels. The biggest question now is the extent herd rebuilding begins with increased heifer retention and reductions in cow slaughter.