After playing with lots of numbers and assumptions, Oklahoma State University Extension Livestock Marketing Specialist Derrell Peel’s best guess is that the drought has added 0.5% to 1.0% of additional beef herd liquidation this year. But it’s hard to tell, Peel said in a letter to Extension agents called Cow/Calf Corner. BEEF COW SLAUGHTER … Read More
Feeder Calf, Cow Markets Good For Producers
Continued strength in the feeder cattle and slaughter cow markets has been beneficial to producers marketing cattle the past several weeks, said Andrew Griffith, agricultural economist at the University of Tennessee in a letter to Extension agents. CASH PRICES STRONG Cash feeder cattle prices are strong, and futures indicate continued strength into 2022, … Read More
Canada Cattle Herd Also Shrinking
As the US cattle herd shrinks and boxed beef prices climb, the US market cannot look to Canada to supply the overage of what will be needed, at least through next year, a market analyst said. Canada’s 2021 cattle inventory bottomed last year, but the latest estimates from Statistics Canada show that this year could … Read More
Managed Money Takes Largest Long Position In 2021
As of Tuesday, managed money, a proxy for large commodity index funds, had the largest net long live cattle futures position in more than a year, while hedgers had their largest net short position in the same period. The data came from the Commodity Futures Trading Commission’s weekly Commitments of Traders report Friday. FUNDS … Read More
Western Temps Cool A Bit; Midwest Bakes
Temperatures during the week ended Tuesday generally were cooler than normal west of the Continental Divide, while warmer than normal temperatures were common in the Upper Midwest and Northeast, according to the US Drought Monitor from the National Drought Mitigation Center Thursday. Heavy rain fell across widespread sections of the eastern US, in many locations … Read More
Cattle Seem Posed To Move Higher: Peel
August is a tough time for fed cattle markets to move higher, but they seem poised to break out moving into the last part of the third quarter, said Derrell Peel, Oklahoma State University Extension livestock marketing specialist, in a letter to Extension agents called Cow-Calf Corner. CALF PRICES FIRMING Auction calf and … Read More
Monitor Cattle For Heat Stress, Specialist Says
With hot temperatures dogging the Plains and Western states, cattle producers will need to monitor their livestock for signs of heat stress, said Barry Whitworth, Oklahoma State University eastern Oklahoma area Extension food/animal quality and health specialist, in a letter to Extension agents called Cow/Calf Corner. CATTLE COMFORT ZONE Cattle are comfortable when … Read More