The August 2017 Feeder Cattle futures contract increased by $7.66/cwt. during November.
South Africa’s cattle population is near 14 million head, which includes 33 beef breeds. The majority of the operations (farms) own less than 100 head.
Fed cattle prices set new record highs this week.
Cattle and calves on feed for slaughter market in the United States for feedlots with capacity of 1,000 or more head totaled 10.8 million head on Oct. 1, 2010.
USDA's cattle on feed report counted 11.83 million head on feed, which is 101.2% of last year and up 4.8% from October as feedlot inventories increase to a seasonal peak.
Meaningful change isn’t accomplished overnight. More often, it happens slowly by chipping away piece by piece until something new suddenly takes shape.
JBS SA, the world's No. 2 food processor, has picked BNP Paribas SA to help sell Moy Park Ltd, which the company has put on the block, a person with direct knowledge of the matter said on Monday.