Livestock Marketing Information Center data showed that beef carcass values declined in October while fed cattle and retail beef prices rose. Live, fed cattle prices rose, while by-product and boxed beef prices declined, cutting the carcass value and the live-to-cutout spread. At the same time, the average retail price rose. The per-head value of the … Read More
Black Swan Events Affect Cattle, Beef Markets
The pandemic and other market shocks since 2019 have brought things that affect cattle and beef markets in different ways and over different lengths of time, said Derrell Peel, Extension livestock market specialist at Oklahoma State University, in a letter to Extension agents called Cow-Calf Corner. Much of the challenge in 2021 has been to … Read More
WASDE Report Raises 2021 Meat, Poultry Production Estimate
The latest USDA forecast for 2021 total red meat and poultry production was raised from last month in Tuesday’s World Agricultural Supply and Demand Estimates report. For 2022, the total red meat and poultry forecast was raised slightly from last month. Beef and turkey production forecasts were raised, while the pork and broiler production forecasts … Read More
Beef Prices Stronger Than Last Year, Average
While the wholesale beef market seems lackluster at present, unable to muster a seasonal rally, by historical standards it’s really in pretty good shape. The problem for commodity markets is that packers have not, or have not been able to, ramp up slaughter rates and raise the price of slaughter-ready cattle. As a result, the … Read More
Managed Money Cuts Net Long Live Cattle Position
Large commodity index funds, known as managed money, reduced their collective net long live cattle position in the week ended Tuesday as hedgers cut their own net short position. The data came from the Commodity Futures Trading Commission’s weekly Commitments of Traders report Friday. FUNDS CUT LONG CATTLE POSITION As of Tuesday, managed … Read More
The Decision to Retain at Weaning During the Fall Calf Run
While incentives to retain calves to add weight appear to be present this year in some locations, producers must calculate their value and cost of gain to determine if it is a correct decision, said University of Nebraska Livestock Extension Economist Elliott Dennis, in a letter to Extension agents. The letter went out from the … Read More
Oklahoma Forage Supplies Near Static In Coming Months
Not much will change regarding Oklahoma forage supplies in the next 6-7 months, said Derrell Peel, Oklahoma State University Extension Livestock Marketing Specialist, in a letter to Extension Agents called Cow-Calf Corner. The one exception is the potential for wheat pasture and other cool-season forages in the southern plains, which will need additional moisture through … Read More