Feedyard
In a head-scratching week of data, estimated cattle slaughter was 9,000 head higher following the Tyson fire, cattle prices were down 5% or more, and yet wholesale beef prices rose 9%.
AgriTalk host Chip Flory and Drovers editor Greg Henderson discuss the impact of the fire at Tyson’s facility in Kansas and the impact on cattle markets.
Packer participation in the cattle market was an issue even before Friday night’s fire at Tyson’s Holcomb, Kan., beef packing facility.
Fed cattle trade was slow to develop in the southern plains with packer bids falling $2 short of steady. Feeder cattle traded at uneven prices across the nation.
The indefinite closure of Tyson’s Holcomb, Kan., facility creates the potential the cattle “marketing pace will slow down and carcass weights will increase.”
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.
Feeder steers sold steady to $2 higher, with instances of heavier cattle selling $6 to $7 higher in special sales in the Southern Plains.
Cattle feeders’ perseverance paid dividends as they held out for steady to higher cash trade in all feeding regions.
The fluctuation in the cash price in this trade seemed to be mostly dependent on the location of the cattle, with prices ranging from $114-$116, with dressed trade at $182-$185.
Over the next few weeks patience and a calm trigger finger could be profitable to the cattle feeder as the supply of market-ready cattle declines.
Fed cattle trades were few and far between last week, with most bids lower and packers seemingly uninterested.
Divestment plan leads to ownership changes for 11 feedlots
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.
When you have a cough, you visit a doctor. When you want to know where your food comes from, you should ask farmers and ranchers.
After more than 200 cattle died on a feedlot in Nebraska, the cattle feeder who was responsible for the animals’ care has pleaded not guilty to 40 charges he faces in the alleged livestock neglect case.
The past several weeks of trading in the fed cattle markets have shown that basis is becoming more important to many than the actual cash price.
U.S. feedlots unexpectedly increased the number of cattle purchased in December compared with a year earlier, a government report showed.
With three-quarters of 2016 nearly in the books, we see continued expansion of the beef cow heard and continued increases in beef production.
Ranchers, no longer riding the crest of a supply-starved market, cinched up early this year for the inevitable ride lower. Few, however, expected the steep price decline for all classes of cattle and the volatility that has seeped out of the trading pits in Chicago.
Drovers recently received an inquiry from a college student conducting research for a public-health class project.
Beef feedlot managers, owners, employees and supporting industry personnel will learn the latest in feedlot health, nutrition, environment and economics at the 2014 Beef Feedlot Roundtables in Nebraska.
During the NCBA Cattle Marketing and International Trade Committee meeting at the Cattle Industry Convention in Nashville this week, Ron Bryant, U.S. Ruminants division with Merck, recapped the five-step plan Merck developed with the cattle industry.
Cash cattle prices took a drubbing this week with fed cattle prices $4 to $5 lower at $144 to $145 per cwt. Dressed sales were reported $4 to $6 lower at $228 per cwt.
This month’s cattle on feed report noted 2.6% more cattle in 1,000 head capacity feedlots than last August 1.
The spring cattle rally stalled this week as cowboys and packers search for signs supporting ideas the market will conform to seasonal trends.
The spring cattle market rally was beginning to bloom this week, with yearling feeder cattle trading firm to $5 higher and instances of $6 to $8 higher.
Demand for grass cattle has helped keep the price of weaned calves high.
Record high beef and fed cattle prices are still the norm.