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Monday, September 16,2013

Import projections, exports improve

by Kerry Halladay, Associate Editor
Bids were slow to develop and were passed over out of hand by cattle feeders offering cattle at $3-5 above the Spartan bids. That said, analysts expected trade would develop at slightly depressed prices from the prior week of $123 live in the South Plains, and $194-195 dressed in the Corn Belt.

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Friday, September 13,2013

Cattle prices don't follow meat counter prices

by WLJ
Consumers visiting their local meat counter to purchase steaks and hamburgers for grilling over Labor Day weekend may experienced some sticker shock over the price of beef and thought cattle producers must be making a lot of money.

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Friday, September 13,2013

Summer changes in the Mexican cattle and beef market, trade

by WLJ
The latest trade data for July provides additional indication that recent trends in U.S. and Mexican cattle and beef trade have changed dramatically. The 51 percent decrease in July imports of Mexican cattle, compared to last year, is a continuation of the change in Mexican cattle imports that has been happening for several months.

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Monday, September 9,2013

Forecast for U.S. exports could set new record for 2013

by Traci Eatherton, WLJ Managing Editor
Fiscal 2014 agricultural exports are forecasted at $135 billion, down $5 billion from the fiscal 2013. Oilseeds and products are expected to decline the most, down $5.4 billion due to lower soybean and meal prices. Grain and feed exports are expected to fall $1.

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Monday, September 9,2013

Sideways trade expected 'til mid-Sept.

by Kerry Halladay, Associate Editor
It was another week of the “put it off ‘til Friday” mentality in the cash trade last week. By Thursday afternoon, barely 6,000 head had been confirmed sold on the negotiated market, for the week-to-date, these being numbers too low dayto-day to set a trend.

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Friday, September 6,2013

July Restaurant Index dips due to soft sales

by WLJ
The Expectations Index stood at 101.3 in July, down 0.6 percent from June and the lowest level in seven months. Despite the decline, each of the four expectations indicators stood above 100 for the seventh consecutive month, which indicates restaurant operators remain generally optimistic about business conditions in the months ahead.

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Tuesday, September 3,2013

Cash fed, live futures surprise

by Kerry Halladay, Associate Editor
Cattle feeders’ reaction to the bullish Cattle on Feed (COF) report of holding firm on higher asking prices, and packers’ theoretic position of leverage with larger showlists and buying for a short kill week this week had the two parties on the sidelines of cash trade last week.

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Tuesday, September 3,2013

Placements decline over 4 times more than expected

by Kerry Halladay, Associate Editor
Calling the most recent Cattle on Feed (COF) report “bullish” is something of an understatement. Instead of the usual bovine mascot for that market scenario—horned, alert, ready for action— let’s substitute something more extreme. Like a rodeo bull or a Spanish fighting bull.

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Friday, August 30,2013

Markets spur retained ownership

by WLJ
By the second quarter of 2014 the projections are above the futures price by $10 per hundredweight. Gessner said these prices, combined with new crop corn and hay prices remaining lower than last year, suggest profit potential for calves backgrounded throughout winter.

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Friday, August 23,2013

Supply issues; Zilmax and cows

by Kerry Halladay, Associate Editor
It seems the cash attention last week was on the feeder sales because negotiated cash fed sales were slow to “dead.” Very few bids and only tiny and sporadic sales had occurred by midweek. By Thursday afternoon only 4,679 head had been confirmed sold, making the volume too low for a market trend.

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