After a mostly sluggish April, market-ready fed cattle saw a solid rally in the North and steady money in the South. Futures markets began to look past the psychologically bearish H5N1 virus news.
After slicing more than 50% off the monstrous losses found a month ago, cattle feeders saw their margins slip $43 per further into the red last week with $2 per cwt. lower bids.
After slicing more than 50% off the monstrous losses found a month ago, cattle feeders saw their margins slip $43 per further into the red last week with $2 per cwt. lower bids. Closeouts revealed a $383 per head loss o
After a rally during the first week of 2016 to $134.04 per hundredweight, the 5-Area Accumulated Average Cattle Price dropped to $132.30 per hundredweight.
Last week Dr. Brooks provided a series of thoughts on how 2016 may shake out for the cattle industry. Given developments in multiple financial markets it is useful to pause and appreciate the broader situation underpin
U.S. beef exports were down slightly from November 2014, but posted their largest volume (95,799 metric tons) since June. Most Asian markets performed well for U.S. beef in November, but exports continued to slump to le
A new website from Purdue University's Center for Commercial Agriculture and the Indiana Soybean Alliance is available to help farm operators manage risk.
The adjectives have all been used to describe the despair that is cattle feeding. Last week was simply worse than the week before, which was a train wreck.
Another small rally in cash fed cattle markets provided another modest improvement in feeder margins, but closeouts remain $24.66 per cwt. short of break even.
Beef packer margins jumped into the black last week while cattle feeders saw their margins improve $88 per head, according to the Sterling Beef Profit Tracker.
Beef packer profit margins continued to grow last week as the beef cutout jumped nearly $5 per cwt. and cash fed cattle prices declined another $2 per cwt.
Cattle feeding margins dropped another $45 per head last week, totaling average losses of $163 for every animal that walked on the truck. That’s the result of a $4.37 per cwt. decline in the 5-area direct cash price which registered $154.93 per cwt., well below the average breakeven price of $167.53.
Cattle feeding margins were unchanged from the previous week, which means the train wreck continues. Despite modest gains in the cash market, cattle feeders lost an average of $206 per head, just $1 better than the previous week.
Beef cutout prices trended about $2.80 per cwt. higher to $256.37, and packer margins improved more than $26 per head, resulting in losses of $15 on every animal processed.
Beef packers put away the red ink last week as they turned modest profits on every animal processed. Feedyard margins, however, slipped a little further away from positive.