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Home Daily Market Update  DAILY FED CATTLE; July 24
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Thursday, July 24, 2014

DAILY FED CATTLE; July 24

by WLJ
Afternoon National Slaughter Cattle Review as of 2:00 pm Thursday

Thus far for Thursday, negotiated cash trade was limited in the Texas Panhandle and light in Kansas on good demand with a few sales at 162.00 however, not enough sales for an adequate market test. The latest established market in the Southern Plains was from 155.00-156.00 two weeks ago in the Texas Panhandle and last week in Kansas. Trade was moderate on good demand in Nebraska and the Western Cornbelt. In Nebraska compared to last week, live sales sold 6.00-9.00 higher from 162.00-165.00. Compared to Wednesday dressed sales sold 2.00 higher at 257.00 with a few up to 262.00. In the Western Cornbelt compared to Wednesday dressed sales sold 2.00-3.00 higher mostly at 257.00 with live sales steady to firm from 160.00-163.00. In Colorado trade was light on good demand. Compared to Wednesday live sales sold mostly steady with the bulk of sales at 165.00.

Negotiated sales:
Confirmed:      41,606            Week ago:   16,945          Year ago:    5,583
Week to Date:   78,351            Week ago:   90,356          Year ago:   22,653
 
 


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Good prices in the USA live cattle are only bringing half this or less in Australia we have one of the worst and getting worse droughts on record our herds and cattle producers are being decimated in the worst cost price squeezes on record. 2013 saw a record cattle kill result in record beef production and exports eg 2012 China imported 5,000 tonnes Aus beef 2013 China imported 130,000 tonnes Aus Beef, 2014 China wants more! Live cattle exports 2013 Indonesia imports 240,000 cattle 2014 Indonesia wants 700,000 cattle Australian beef packers have had a record profits year in 2013. With the US cattle herd at such low numbers unless there are a lot of cattle in Brazil it is hard to not think there will be some upwards pressure on beef prices in 2014, but the Australian cattle producers experience has been high beef prices do not necessarily translate into higher cattle prices this has made the whole business model of cattle production in Australia unsustainable with a lot of cattle(breeders) simply dying in the paddock because the farmers are not making sufficient profits to run them.
 
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