Home Daily Market Update  DAILY FED CATTLE; Oct. 10
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Friday, October 10, 2014


by WLJ

 **No Monday Report due to Columbus Day**

Afternoon National Slaughter Cattle Review as of 2:00 pm Friday

So far for Friday trading and demand have been moderate in the Northern Plains. In Nebraska, when compared to last week, live sales sold 3.00 to 5.00 higher at 165.00. Dressed sales sold 6.00 higher at 258.00. In Colorado live sales sold 2.00 higher at 165.00. In the Western Cornbelt thus far for Friday saw trading slow on moderate demand. When compared to Thursday the last reported market live sales sold steady  to 1.00 higher from 163.00 to 164.00. Dressed sales sold steady with Thursday at  258.00. For Friday in the Southern Plains trading has been mostly inactive with very light demand. In Kansas dressed sales sold at 163.50. However, the last reported market in the Texas Panhandle and Kansas was on Thursday with live sales at 164.00.

Negotiated sales:
Confirmed:      43,127            Week ago:    4,434          Year ago:        NA


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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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