Daily and weekly choice boxed beef values are moving higher, and some market advisors are making much of the move, but the strength may not last. Average prices remain below a year ago and the 2010-2014 average and may even surpass them sometime in December or January, but the seasonalities of the price leaders likely … Read More
Roughage Opportunity Knocks For Cattle Producers
Depending on the nutritional test of local and producer-grown hay, there may be an opportunity for cow/calf producers and backgrounders to pencil in lower winter feeding costs this year said the Livestock Marketing Information Center in its Livestock Monitor. PRODUCTION INCREASES A combination of fairly stable hay production, two years of relatively mild … Read More
Funds’ Net Long Cattle Position Largest In 1 ½ Years
Managed money, or large commodity funds, extended their net long position in live cattle futures to its largest in 1 ½ years during the week ended Tuesday as commercial traders, those who actually handle the cattle, extended their net short position equally as far back. The Commodity Futures Trading Commission said in its weekly Commitments … Read More
Farm Profitability Seen Down For Third Straight Year
Net cash farm income for 2016 was forecast at $90.1 billion, down 14.6% from the 2015 estimate and the third straight year of declines, said the USDA’s Economic Research Service Thursday. In highlights from the November Farm Income Forecast, 2016 net farm income, a more comprehensive measure of profitability, was forecast to be $66.9 billion, … Read More
Feeder Cattle Futures Respond To Higher Weights
In general, feeder cattle futures prices did decline with the Nov futures contract as expected after the CME Group’s changes to the contract, but the cattle industry seems to be taking it in stride and is even retaking some ground. “Nobody is talking about it,” said Nevil Speer, vice president of US operations for AgriClear … Read More
Fed Cattle Price Bounce Overdue: Economist
Fed cattle prices finally surged last week to $108-110 per cwt in many cash markets, and to David Anderson, professor and extension economist at Texas A&M University, the move is overdue. Writing for the Livestock Marketing Information Center’s weekly In The Cattle Markets, Anderson said, high beef live-to-cutout spreads over the last couple of months, … Read More
Beef Markets Following Seasonal Trends – Sort Of
Beef markets are following seasonal trends, for the most part, but actual prices differ significantly from last year and the 2010-2014 average. Taken as a whole, they generally point to a normal realignment of prices for the various primal cuts after the New Year’s holiday. RIBEYE MAY BE CHANGING Of all the various … Read More