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Friday, October 31,2014

Corn prices are expected to edge up, could pressure fed cattle bids in 2015

by WLJ
With lower prices, those incentives just aren’t there, for either acres or intensive inputs to push production,” Welch said. “On the demand side, we are still seeing strong export demand and good feed and fuel use. High meat prices offer rewards to increase livestock numbers and feed to heavier weights; that will require more grain used for feed.

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Friday, October 31,2014

China's growing demand for meat

by WLJ
China’s rapid economic growth and changing population demographics have affected the world’s most populous country. Driven by income growth, urbanization and a transition to a market economy, the Chinese diet has shifted from its usual staples to meat.

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Friday, October 31,2014

Cattle on Feed called neutral; 26 months of declines

by Kerry Halladay, Associate Editor
The most recent Cattle on Feed report, released Friday, Oct. 24, was called roundly neutral for its lack of divergence from the past year, and for falling in line with prereport estimates. There was one additional slaughter day in September 2014 compared to 2013.

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Friday, October 31,2014

Interest strong, competition intense at Paris food show

by WLJ
About 150,000 participants from more than 100 countries are in attendance at the five-day event. A majority of those attending are from the European Union, but SIAL also attracts a large number of buyers and other food industry professionals from Russia, the Middle East and many Asian countries including Japan and China.

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Monday, October 27,2014

A tale of two markets

by Kerry Halladay, Associate Editor
The industry seems to be running a manic two-part market game. On the one hand, strength in the cash fed and feeder markets was striking last week, as were gains in both futures markets, yet at the same time there was continued information on declining and disappointing beef movement.

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Friday, October 24,2014

Brazil set to expand feedlots, grain feeding

by Kerry Halladay, Associate Editor
A recent report from Rabobank suggests the future of beef abroad will be Brazil. However, the country—already the world’s second largest beef producer and largest exporter—is not nearly as efficient as its fellow beef competitors. The answer will be American-style feedlots, fueled by the growing Brazilian grain industry.

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Monday, October 20,2014

Corn yields raised in recent WASDE report

by Kerry Halladay, Associate Editor
Most things were up in the most recent World Agricultural Supply and Demand Estimates (WASDE) report, released in the afternoon on Oct. 10. For beef, the increased production estimated hinged mostly on increased carcass weights, but corn and soybean yield estimates were finally catching up with what analysts have been saying for months.

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Monday, October 20,2014

Outside issues worry beef, cattle markets

by Kerry Halladay, Associate Editor
Unlike past weeks, trade got underway earlier than usual last week. By Wednesday, over 50,000 head had been confirmed sold with Kansas, Nebraska, and the western Corn Belt leading the charge, despite analysts’ early week projections of late week trade.

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Friday, October 17,2014

October rain equals stocker demand

by WLJ
The formula is pretty simple. Winter wheat planting in Oklahoma this fall is ahead of normal pace and the best in several years. All that is lacking in many cases is a rain to get the wheat up or connect surface moisture with subsoil moisture and keep the wheat growing.

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Friday, October 17,2014

Falling gasoline prices: There are lots of reasons why

by WLJ
Plummeting gasoline prices are the result of lagging economic growth in many parts of the world, the end of the summer driving season, less expensive winter gasoline and well-functioning Midwest refineries, Purdue University Energy Economist Wally Tyner says.

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