U.S. beef exports opened the new year on a positive note, but market conditions suggest that 2014 could be a challenging year, according to statistics released by the USDA and compiled by USMEF, a contractor to the Beef Checkoff Program.
Given the significant decrease in plantings and the percentage of corn that has been planted late, corn price may continue to increase.
There are more steers in feedlots this April, but fewer heifers. It could be a sign of herd expansion.
Feedlot margins during April were significantly into the black and, based on the Sterling Marketing model, averaged about $400 per head compared to just under $30 per head a year earlier.
The USDA NASS Cattle on Feed report for May was released last Friday. For as large as the numbers are, it has the potential to be bullish.
Larkspurs are toxic to cattle, but a group of researchers is looking to genetically select animals that can readily digest the poisonous plant.
Record-high cash fed cattle prices helped boost cattle feeding margins over $280 per head last week.
Meaningful change isn’t accomplished overnight. More often, it happens slowly by chipping away piece by piece until something new suddenly takes shape.