Fewer Mexican cattle imports are expected this year as producers there begin rebuilding their herds and lower prices make sales to the US less enticing, said Oklahoma State University Extension Livestock Marketing Specialist Derrell Peel in a commentary this week. Mexican cattle producers have begun to retain heifers for breeding, the US herd is growing, … Read More
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Feedlot Margins Improve; Remain Negative
Feedlot margins improved significantly during the week ended Feb. 20 as prices for fed cattle rose nearly $2 per cwt, but the red ink continues to flow, said a well-known market analyst. Packer margins declined with the higher prices, but they remain positive. The Sterling Beef Profit Tracker from Sterling Marketing Inc., and published by … Read More
Commercials Extend Cattle Short Positions
Commercial traders continued to extend their net short position in live cattle futures during the week ended Tuesday, while managed money firms kept their positions near steady. So those who theoretically could make or take delivery of futures contracts are losing faith in the market’s ability to maintain its current price gains, while fund type … Read More
January Chicken Slaughter Down
Chicken slaughter during January was down 3% from December and down 4% from a year earlier as companies took advantage of the birds’ short life spans and cut production in the face of declining returns. That is something cattle producers can’t do because of the extended life spans and reproduction cycles of the animals. These … Read More
Farm Numbers, Farmed Acres Decline
The number of US farms continues to decline as small operations are eaten by larger, but the amount of land being farmed also is declining, a USDA survey showed. The USDA’s National Agricultural Statistics Service, in its Farms and Land in Farms Summary 2015, estimated the number of US farms last year at 2.07 million, … Read More
Meat Stores Could Cap Beef, Cattle Gains
If beef and fed cattle prices are moving higher in the short term, gains likely will be capped by rising volumes of red meat in cold storage. The USDA’s National Agricultural Statistics Service released its monthly Cold Storage report Tuesday. It showed that total red meat stocks in US freezers as of Jan. 31 were … Read More
Improved Outlook For Cattle Feeding Returns
January cattle feeding returns remained mired deep in red ink, but losses were dramatically less than in late 2015, and some now are projecting a profitable year for the most economically managed feedlots. Calendar year 2014 was by most accounts the second best year ever for High Plains cattle feeders, while 2015 was by all … Read More