Fed cattle prices were sharply lower this week on good volume.
World food prices fell 1.3 percent in August from the month before after three straight monthly increases, reflecting lower values for cereal, sugar and meat, the United Nations food agency said on Thursday.
The financial pain of feeding cattle eased again last week, but losses remain more than $125 per head.
As 2019 rapidly comes to a close and the holiday season is upon us, Americans have an abundance for which to be thankful. This is particularly true with regard to food production in the U.S.
Meaningful change isn’t accomplished overnight. More often, it happens slowly by chipping away piece by piece until something new suddenly takes shape.
The August WASDE predicts this fall will bring our first 15 billion bushel corn harvest and the first 4 billion bushel soybean harvest. This is good news for feeder cattle prices.
Mexico historically has been an important source of feeder cattle for U.S. cattlemen, with feeder calf imports of approximately 1 million head a year since the mid-1980s.