Consider what passersby think when they see your headquarters or machinery on the highway. Do you want them to draw their own conclusions, or do you want to be the one telling the story?
Cattle in the U.S. are now the fattest they’ve ever been, signaling an end to the seven-year run of record beef prices just as losses begin to mount for American feedlot owners.
The adjectives have all been used to describe the despair that is cattle feeding. Last week was simply worse than the week before, which was a train wreck.
Although the market will find support in sale barns, the overall price outlook for multiple cattle sectors isn’t so rosy, says DuWayne Bosse of Bolt Marketing.
U.S. beef exports endured the most difficult month in some time in September, according to statistics released by USDA and compiled by the U.S. Meat Export Federation (USMEF), contractor to the beef checkoff.
Another small rally in cash fed cattle markets provided another modest improvement in feeder margins, but closeouts remain $24.66 per cwt. short of break even.
It’s been a wild ride in the cattle market since live cattle futures plunged off record prices earlier this year, but profitability could still be in the cards in the near term for cattle producers.
Most analysts and producers would say that feeder cattle and finished cattle have been somewhat undervalued the past several weeks which is likely the leading factor of prices making a small resurgence.