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Retaining ownership gives cow-calf producers the chance to learn more about their cattle and receive premiums.
If you have a $1.20 fed steer and a $1.20 cost of gain, how much can you even afford to pay for the calf?
The cattle market turned lower this morning due in part to a false rumor.
Cattle feeders are going to use more corn than previously expected according to USDA’s latest Cattle on Feed report.
Some feeders holding out for higher prices, which could make feedyard showlists longer next week.
For producers to capture the most value from their calf crop, they need to follow a carefully planned marketing strategy
Friday’s Cattle on Feed inventory numbers caught analysts off guard, but it may just be a sign of a shrinking cowherd.
While last week’s drop in corn price provided an opportunity to lock in feed needs, that volatility makes planning difficult.
Market reacts to higher cash cattle trade, says Pro Farmer’s Julianne Johnston.
Cattle numbers are likely to be even tighter next year and in 2013.
Feedlots struggle to generate higher cash trade, which was a disappointment given tighter show lists.
The old rule of thumb that feeder prices trade inversely to corn price does not necessarily hold true in today’s markets.
This is the third highest September 1 inventory since the series began in 1996.
Traders were caught off guard as cattle marketings were above expectations and placements were below expectations in today’s report.
Live cattle futures closed near week ago levels despite nearly $2 lower cash prices in the Central Plains.
Cattle prices have had a remarkable run to the upside with finished steers reaching the low $120s per hundredweight in early April.
Producers seem to be feeling a bit of disbelief when it comes to current cattle markets, worrying about a sense that there is another shoe to fall.
But drought conditions in some regions are dampening demand for stocker weight cattle.
Packers will have larger show lists next week, which doesn’t bode well for near term cash improvement.
To build on this week’s strength, traders will need to be convinced the cash market is headed higher.
Next week, the cattle and beef markets will be watching the impact Hurricane Irene has on beef demand.
But may face downside pressure in the near term as fed cattle supplies are larger than expected.
The quantity of beef available to consumers has declined in recent years, unfortunately that trend is going to continue.
Despite record high cattle prices, indications are the cattle herd is still shrinking.
Last week’s corn price decline helped bring down break-evens for cattle feeders, but feeder prices remain strong.
Call for foodservice entries in the 2011 National Beef Backer Awards.
The cattle market continues to adjust to last week’s cattle on feed report’s higher placements.
While the decline catches many off guard, a continued rally in corn prices keeps feeder breakevens in the red.