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Home Daily Market Update  DAILY FED CATTLE; Nov. 18
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Tuesday, November 18, 2014

DAILY FED CATTLE; Nov. 18

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

So far for Tuesday negotiated cash trading has been inactive on very light demand. Not enough sales for a market trend. The last reported markets were last week with live sales selling from 168.00-170.00 in the Texas Panhandle on a light test. In Kansas and Nebraska live sales sold from 170.00-172.00 along with dressed sales in Nebraska selling from 264.00-267.00 mostly at 265.00. In Colorado a light test of live sales sold from 171.00-172.00. In the Western Cornbelt, last week, live sales sold from 168.00-170.00 mostly at 170.00 and dressed sales sold from 264.00-267.00 mostly from 264.00-265.00.

Negotiated sales:
Confirmed:         103            Week ago:      138          Year ago:    1,246
Week to Date:    1,445            Week ago:      629          Year ago:    1,883
 
 


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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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