We’re in a predictable period of a well-established supply and demand cycle. Yet there is a different potential crisis looming for the beef cattle industry.
Growing demand for goat meat in the U.S. from ethnic minority groups and foodies has made an unlikely export superstar for Australian farmers, with exports surging to a record.
With modest gains in the bred female category, both the young- to middle-aged bred cows and the aged bred cows saw January 2018 average prices higher than those of 2017.
Beans were down for the week, off new highs but closing lower than a week ago which gave us some technical signals. That’s important says Jerry Gulke, president of the Gulke Group, here's why.
The 97 steers that finished the Missouri Steer Feedout on Nov. 14 and Dec. 19 ended up with an average per head loss of $134.76. There were fourteen different owners from across the state in the feedout this year.
While corn, soybeans and wheat have seen some slight rallies in the last few years, prices have stayed relatively low. Record- or near record-breaking crops year after year hasn’t been much help to the price picture.
In a light test at auction, December bred heifers posted $13 per head gains over November averages and finished 2017 about $55 per head lower than 2016.
Feeder cattle and calves continued their fall rally in October, gaining 3% to 5% at auctions. Prices at the beginning of November are nearly 9% higher for both calves and yearlings than the August averages.
Market watchers weren’t too surprised to see increases in Friday’s Cattle on Feed report. But how fast the market is moving to handle the influx of cattle has been a shock for many.
Current cattle markets are a series of bad news-good news. Bad news—cattle prices pulled back last week. Good news—the jump in prices earlier this month has current levels at or above most expectations.
Mike Florez of Florez Trading tells AgDay host Clinton Griffiths that Bollinger Bands are a useful volatility indicator and a good tool for helping determine market opportunities over a short period of time.
Average feedyard margins declined $18 per head last week, settling at $26. With average margins that close to breakeven, many cattle sold last week undoubtedly lost money.
The latest Cattle on Feed report from the USDA was considered to be bearish by analysts. Now traders are looking at whether futures markets can find a way to hold on to current prices.