It’s a new world of cattle prices and some of the old rules of thumb that have been used for years need to be modified. I still hear folks talking about a $10/ cwt. slide for calf prices… the idea that calf prices should decrease by $10/ cwt. or 10 cents per pound as weight increases.
Cash fed sales were slow to develop, with market participants mostly playing wait and see with the futures, or else enjoying the temperatures down in Texas at the National Cattlemen’s Beef Association annual conference.
It suggests the total U.S. cattle herd as of Jan. 1, 2015 increased 1 percent compared to Jan 1, 2014 with a total of 89.8 million cattle and calves. The estimate of beef cows and replacement heifers is up significantly from last year, giving hope on the herd expansion front.
By Thursday afternoon, only 8,600 head had been confirmed sold on the negotiated cash market. Though nowhere close to the week’s full buy, prices of $159 live and $250 dressed (down $1 and $4-7, respectively, from the prior week) likely set the tone for the week.
A labor dispute that has snarled imports and exports at 29 West Coast sea ports since a six-year contract expired in July has financially harmed shipments of virtually all agriculture commodities to the Pacific Rim, Washington Cattlemen’s...
U.S. retail Choice beef values climbed through 2014, reaching a record high of $6.30 per pound in November (most recent complete data). Retail value is defined as the average value at the grocery store of a basket of beef cuts, measured in cents per pound of retail weight.
Cattle on feed in feedlots with a 1,000 head or greater capacity as of Jan. 1, 2015, stood at 10.69 million head, up 1 percent compared to the same time the prior year. State-specific on-feed populations for the top cattlefeeding states were mostly above that level.
The U.S. is continuing to put pressure on Canada to put forward a more robust proposal in the Trans-Pacific Partnership (TPP) trade negotiations, Darci Vetter, the chief U.S. agricultural trade negotiator, said last Tuesday at the International Dairy Foods Association’s annual Dairy Forum.
The National Cattlemen’s Beef Association (NCBA), National Chicken Council (NCC), National Pork Producers Council (NPPC) and National Turkey Federation all issued statements Monday in a concerted effort to draw attention to TPA and their interest in getting a 12-nation Trans-Pacific Partnership deal completed.
There is a distinct dichotomy in the Far West real estate world. Rural and ranching real estate in the northern end of the Golden State turns on the availability of water and the price of land in the face of competition. But one state’s misfortune is another’s opportunity.