With Fall’s arrival, the focus of cattle producers is shifting to winter feed supplies and to alternatives to hay, said the Beef Cattle Research Council of Canada Wednesday. The BCRC is Canada’s national industry-led funding agency for beef, cattle and forage research. Feed prices have dropped significantly from their June highs, but unfavorable weather conditions … Read More
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Frozen Meat, Poultry Stocks Down
Total meat and poultry supplies in the nation’s freezers as of Sep. 30 were down from a month earlier and a year earlier, said the USDA’s National Agricultural Statistics Service Tuesday in its monthly Cold Storage report. BEEF STOCKS DIP Total pounds of beef in cold storage at the end of September came … Read More
LMIC Projects Lower 2019 Cattle Price, 2020, 2021 Gains
The Livestock Marketing Information Center in Denver last week projected average annual 2019 prices for steer calves, feeder steers and fed steers in the Southern Plains to decline from last year before rising slowly through 2021. The forecast was done using USDA Agricultural Marketing Service data, but was done without comment about why economists there … Read More
Funds Expand Long Cattle Position
Large commodity investment funds, known in the trade as managed money, expanded their net long live cattle futures position during the week ended Tuesday but remain within striking distance of having an even position, according to data from the Commodity Futures Trading Commission’s weekly Commitments of Traders report on Friday. Managed money’s collective new cattle … Read More
Choice/Select Beef Supplies Tight; Spread Widens
Beef production has dipped below a year ago over the last couple of weeks, leading to some higher fed cattle prices and a widening of the already wide choice/select wholesale price spread from the USDA, said David Anderson, Extension agricultural economist for Texas A&M University, in a study for Extension agents from the Livestock Marketing … Read More
China Warns Of “Strong Countermeasures”
Various news agencies reported Wednesday that China was warning the US of “strong countermeasures” after a series of bills supporting the pro-democracy protests in Hong Kong passed the House. The notice comes as the International Monetary Fund releases the results of a study saying the pace of global economic activity remains weak, in no small … Read More
Seasonal Strength Pushing Fed Cattle Prices
Some analysts may say the live cattle futures market is overbought and due for a correction, but the cash market has some seasonal strength to work out. It’s true that weekly average cash prices for slaughter-ready steers in the Southern Plains are well below last year and the 2013-2017 average, but they are rising and … Read More