Fed Cattle
From a seller’s perspective, the fed-cattle trade continues to improve, with last week’s numbers making it the third straight week of higher prices since September 9th.
The upward trend in cash cattle could continue through the holiday rib demand, with Choice product being in short supply.
The September Cattle on Feed report highlights some regional differences in the current feedlot situation among the four largest feeding states.
U.S. cattle on feed Sept. 1, 2019, were estimated at 11.0 million head, down 1% from a year ago, USDA reports.
Stocker and feeder cattle prices were $2 to $7 higher at auction across the nation. Abundant forage conditions has left ranchers in no hurry to sell cattle.
Cattle markets continued under pressure in the first full week of trading following the Labor Day holiday.
A fire Friday afternoon at Cargill’s Doge City, Kan., facility was quickly extinguished and damage to the plant was minimal and no impact on operations is expected.
The rapid growth in Chinese beef imports has dramatically altered global beef flows with several countries now exporting a significant share of total exports to China.
The $1 threshold seemed to be a sticking point for cattle feeders last week, and many held firm on Friday which could prove to give cash prices a needed boost.
Cash fed cattle traded at lower prices ahead of the Labor Day weekend, while steer and heifer calves sold steady to higher at auctions.
Poor performance from CME futures on Friday limited what cattle feeders could gain back on the cash market from the declines over the last few weeks.
For his leadership to the beef industry and dedication to raising quality cattle, Jerry Bohn will receive the 2019 Feeding Quality Forum (FQF) Industry Achievement Award later this month.
Providing shade and cool water, and only feeding or working cattle in the cool of the day can prevent solar radiation and the damaging effects from an elevated heat load.
Cattle feeders were hopeful that last week was the bottom of the decline in cash cattle prices, but a negative corn report helped prices even lower.
Cattle markets remain under pressure, though good demand was evident on heavier feeder cattle in the northern Plains.
Cattle feeders continue to search for a bottom to the fed cattle market, but the seem to have little leverage to stop to slide.
China’s largest online retailer to buy Montana beef
JBS Says It’s Done With Asset Sales as Earnings Boost Outlook
The cattle herd in the U.S. is growing, and cash prices for fed and feeder cattle have exceeded expectations this fall as live and feeder cattle futures reached a new contract high to start November.
Prices were higher for all classes of cattle for the week ended Oct. 13, with cash fed cattle trading at $111 per cwt., $2 higher. Cattle sold on a dressed basis at $175 per cwt., $2 to $3 higher.
The 2017 cattle markets have been interesting, and since November 1, Elaine Kub, author of Mastering the Grain Markets, can describe them in one word: wild.
Cattle markets moved lower this week, spurred by futures markets that nosedived on Wednesday.
Amid large corruption and bribery scandal, JBS’ new chairman Tarek Farahat vows to restore trust in world’s largest protein company.
Cattle and beef markets have decreased from April highs with uncertainty in a variety of factors weighing on markets the past month.
The U.S. Department of Agriculture also reported a record amount of beef in freezers or cold storage last week.
USDA has increased its forecast of U.S. beef production.
U.S. feedlots unexpectedly increased the number of cattle purchased in December compared with a year earlier, a government report showed.
Packers came into the week bidding aggressively and the result was another week of record-high prices.
Change and volatility are commonplace in today’s agricultural markets, and those trends have been no different in cattle marketing for nearly 20 years.