Total numbers of cattle on feed in Alberta and Saskatchewan, Canada turned upward slightly in October, said CanFax, a private market analysis firm based in Calgary, Alberta. The USDA is scheduled to release its own monthly US Cattle on Feed report showing October feedlot population activity at 3:00 pm ET. It is expected to show … Read More
Author: Lester Aldrich
Cattle Markets A Bad News-Good News Story
Current cattle markets can be thought of as a series of bad news-good news stories, said Oklahoma State University Extension Livestock Marketing Specialist Derrell Peel in the Extension Service’s Cow/Calf Corner. The bad news is that cash fed cattle prices dipped last week from the previous week’s highs, Peel said. The good news is that … Read More
Funds Hold Longest Live Cattle Position In 7 Months
Large commodity investment funds, called managed money, had their largest net long live cattle futures position since the week ended April 25 as of Tuesday after adding to their position for the ninth week. Commodity Futures Trading Commission data Monday showed that for the week ended Tuesday, managed money had a net long live cattle … Read More
Have Cattle Formed A Seasonal Top?
Have cash cattle prices reached a seasonal top? The answer is a strong maybe. Fed cattle traded in the Plains last week, steady to $1 per cwt lower than the previous week, a move some analysts link to last week’s drop in futures. It also was a move that some say established the previous week’s … Read More
Livestock Feeding To Remain Economical
US livestock and poultry feeding was expected to remain economical for the foreseeable future after the USDA’s National Agricultural Statistics Service caught grain markets flat-footed Thursday with an unusually large 3.6-bushel-an-acre jump in its US yield estimate for corn. The result was a boost in estimated corn production to a record 14.578 billion bushels. The … Read More
USDA Ratios Show September Feeding More Economical
USDA feed-price ratios show that feeding cattle, hogs, broilers and turkeys, along with milk production, became more economical in September when compared with August. However, market egg production became less economical, and other of the feed-price ratios were less economical than a year earlier. The USDA’s National Agricultural Statistics Service’s feed-price ratios show the pounds … Read More
Hay Supplies Down 2%, But Grass Hay Prices Weaker
Total hay supplies for the 2017-2018 crop year (May through April) are down almost 2% from last year, given smaller hay production this year, yet national average hay prices were surprisingly weak in August. The Livestock Marketing Information Center’s Livestock Monitor, a newsletter for extension staff, said August grass hay values were down 25% in … Read More