Home Daily Market Update  DAILY FED CATTLE; Sept. 23
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Tuesday, September 23, 2014


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

Thus far Tuesday negotiated cash trade was mostly inactive on light demand in all feeding regions. The latest established market was last week with live sales in the Southern Plains and Colorado at 159.00 however sales in the Texas Panhandle and Colorado were on a very light test. Last week in Nebraska live sales sold from 155.00-159.00 with dressed sales mostly at 245.00. In the Western Cornbelt last week, live sales sold from 154.00-155.00 with dressed sales from 244.00-246.00.

Negotiated sales:
Confirmed:         184            Week ago:      166          Year ago:      197
Week to Date:      436            Week ago:    1,273          Year ago:    1,450

  • Currently 3.5/5 Stars.
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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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