Feedyard
The week before a holiday is not usually ideal for pushing the market higher, but last week proved to be just the right combination to support a rally.
Cattle prices are higher now compared to last year and are expected to continue improving in 2022. Live and Feeder futures have priced in considerable optimism for 2022.
Cattle Feeders Hall of Fame winners have been announced, with inductees and award winners honored during the 13th annual banquet prior to the 2022 Cattle Industry Convention and NCBA trade show in Houston in February.
Animal disease traceability (ADT), as defined by the United States Department of Agriculture (USDA), is knowing where diseased and at-risk animals are, where they’ve been, and when.
Market leverage continues to move toward the cattle feeder as prices rose for the third consecutive week. Cattle on feed numbers were slightly lower while placements and marketings were near industry estimates.
Proponents of COOL say the law provides an advantage to U.S. beef producers and enables them to earn higher prices. But that view doesn’t consider Canadian prices that have marched in lockstep with the U.S. market
Genetics solutions exist to achieve superior feed efficiency and superior carcass quality. Both are relevant to profitability in cattle production.
Warren County, Missouri, has been selected by American Foods Group (AFG) as the planned location for a new state-of-the-art beef processing facility, pending final approval.
The fall feeder run is in full swing with calf prices moving counter-seasonally higher. It is typical for the middle two weeks of November to have the largest weekly auction totals for the year.
The cash fed cattle market found its way higher again last week, with four or more packers in the market all fighting for cattle every week for the first time in two years.
The rally in cash fed cattle prices continued this week with packers searching for inventory and bidding higher money. Cattle feeders have some leverage for the first time in a long time.
Green Plains Cattle Company LLC announced its new company name — Cobalt Cattle Company LLC — taking the final step toward operating as a stand-alone company focused solely on feeding and growing cattle.
All parties upstream of the packing sector are elated, and likely relieved, to see the price break free from the furrow between $120 and $125/cwt that the fed cattle trade had been digging for 19 weeks.
Last week cattle feeders found themselves in an environment they had not seen since August of 2019. Four packers were in the market competing for the cattle that were available on the list.
Cattle feeders found willing packer buyers even as they priced cattle higher throughout the week. Higher prices were supported by solid gains in the futures markets.
Prosecutors said Robert Blom altered purchasing agreements, misled investors and sold the same groups of cattle to multiple buyers using the money to pay back previous investors.
Brazilian meatpacking giant JBS SA says it will use Bovaer, a feed additive to reduce methane emissions in its global supply chains.
Zoetis announced Synovex® One Grower as the new trade name for the long-duration cattle implant producers have known as Synovex® One Grass.
A recent bill passed the House Ag committee outlines the creation of a contract library to provide a public listing of terms and details in order to provide greater market transparency.
The coronavirus meltdown is the second black swan event for cattlemen in six months, but many fear this is worse than the Tyson packing plant fire.
Tyson Foods announced a one-time assistance payments to cattle feeders “in an effort to demonstrate our commitment and support of our valued cattle suppliers.”
Significantly reduced slaughter levels brought the full weight of the COVID-19 crisis to bear on cattle markets this week as cash cattle prices declined and boxed beef prices spiked to record highs.
While any tally of cattle waiting on shackle space is – at best – an estimate, an analysis of Cattle on Feed and slaughter data suggests estimates of 1 million cattle backlogged may be overstated by as much as 50%.
CoBank estimates meat supplies at grocery stores could shrink nearly 30% by Memorial Day, leading to prices rising by as much as 20%. Some cattle producers say they are barely hanging on due to futures prices.
Two of America’s largest beef packing companies have announced plant closings due to COVID-19. One in effect until April 20 and one until April 24. The plants have a combined harvest capacity of 6,500 cattle per day.
Average drought conditions currently are slightly worse than the drought conditions at this time last year. Although there has been some regional changes in drought situation, the overall picture has not changed much.
Cash fed cattle prices moved higher last week with all packers participating. This week cattle feeders will look to keep the momentum going.
Cash fed cattle prices finally broke out of a weeks-long rut, trading $2 to $4 higher in all regions. This week saw the highest prices of the year and the highest average since 2019.
Sustainable Beef LLC, the Nebraska firm that announced plans to build a 1,500-head per day beef slaughter facility in North Platte, will seek $21.5 million in tax increment financing (TIF) from the city.
While it has taken longer than expected to turn the corner on tighter feedlot supplies, the change may be relatively sudden as the dynamics of fall placement weights should result in a rapidly changing inventory.