The world’s economies are recovering slowly and were expected to continue the trend into 2017, which bodes well for beef demand and live cattle markets. Economists will say people will use extra income to better their way of life, and short-term pleasures will take precedence over long-term objectives first. To that end, increases in income … Read More
Uncategorized
Average Cattle Prices Seen Falling In 2017
Average beef cattle prices are expected to continue falling in 2017, even though prices are moving higher for now and could show a first-quarter gain. Fed cattle prices are rising currently in the cash and futures markets as beef demand continues to outstrip expectations. But overall cattle prices for the year still are expected to … Read More
Beef Price Rally Continues
The Christmas rally in wholesale beef markets continued last week as prices headed into late December at their highest levels since early September, said Derrell Peel, Oklahoma State University Extension Livestock Marketing Specialist in the Cow/Calf Corner. Through last week, the weekly choice boxed beef price rose $17.24 per cwt, or 9.58%, to $197.23 from … Read More
Long Winter Ahead For North Dakota Ranchers
“It’s going to be a long winter,” was how Craig Hoppe, area extension beef specialist for North Dakota State University at the Carrington Research Extension Center, summed up the winter weather so far for western cattlemen. The combination of a 2 1/2-day blizzard Dec. 5 through 7, the first multi-day blizzard in years, which brought … Read More
Cow/Calf Producers Urged To Make Marketing Plans
Now is a good time for cow/calf producers to look at what the feeder cattle futures market has done the past several months and consider the spring marketing plan, said Tennessee State University Agricultural Economist Andrew Griffith in his weekly newsletter. Using the Jan contract, it is easy to see that the market has had … Read More
Cattle Futures Traders May Be Looking At Cold Storage
Live and feeder cattle futures traders may be looking at the USDA’s monthly Cold Storage report since prices recovered from an initial bearish reaction after their release on Friday. The Cold Storage report could be considered somewhat bullish rather than the monthly Cattle on Feed report or the quarterly Hogs and Pigs report, which held … Read More
2017 Cattle Feed Cost Outlook
Cattle producers were urged this week to take action now to pay particular attention to next year’s feed costs, since doing nothing could leave them with few chances to market cattle at a profit. Brian Williams, agricultural economist at Mississippi State University, said in in outlook report that despite improving cattle market fundamentals, the Livestock … Read More