Close
Home  Markets
 
 
Friday, June 21,2013

Changes in U.S.-Mexican cattle and beef trade

by WLJ
Mexico has long been a major beef industry trading partner with the U.S. in roles that have continually evolved into deeper and more integrated relationships. For many years, Mexico has been the major source of imported feeder cattle. U.S.

Read more Read it in print
Monday, June 17,2013

Cash trade slow, futures struggle

by Kerry Halladay, Associate Editor
Last week saw donut-like activity in the cash fed market. Light trade occurred on Monday and Tuesday in Iowa at $193.50-195 dressed and $122-124 live. This was called clean-up trade from the previous week by Troy Vetterkind of Vetterkind Cattle Brokerage.

Read more Read it in print
Friday, June 14,2013

Unchanged WASDE corn estimates surprise industry

by Kerry Halladay, Associate Editor
Beef production estimates were increased by 330 million pounds (mp) to 25.52 billion pounds (bp) for 2013. Continued poor range conditions in key cattle states pushing relatively large placements of cattle into feedlots and continued high cow slaughter were credited by USDA as the motivation behind the estimate increase.

Read more Read it in print
Monday, June 10,2013

Packers seeing black

by WLJ
The cash trade was put off until later last week as packers again tried to hold onto their positive margins in the face of steadily declining product values. Bids only surfaced on Wednesday at $121 live in the South Plains, which would be $3-4 lower than the cash prices of the prior week.

Read more Read it in print
Monday, June 3,2013

Cutout has topped, trends down

by Kerry Halladay, Associate Editor
The cash markets were sluggish as packers are trying to hold onto their positive profit margins as cutout values have begun to move lower. By midweek, the asking prices were $126-128 live and $202-204 dressed, but packers were only bidding $122 live in the South Plains and $197 in Nebraska by Thursday morning.

Read more Read it in print
Monday, May 27,2013

Choice records continue

by Kerry Halladay, Associate Editor
Cash trade on live cattle kept analysts guessing throughout the week. At first, expectations were for a midweek startup, then after the futures’ bust on Wednesday, analysts were calling for a lateweek trade. All the while, the cash market failed to show the repeatedly record-setting cutout values.

Read more Read it in print
Monday, May 27,2013

High placements make for bearish report

by Kerry Halladay, Associate Editor
The most recent Cattle on Feed (COF) report came out Friday, May 17. It reported that cattle on feed as of May 1 in feedlots with a 1,000-head or larger capacity was down, while cattle placed on feed and marketed during the month of April were both up.

Read more Read it in print
Friday, May 24,2013

Boxed beef run continues; feedlot inventories down less

by WLJ
Choice boxed beef finished last week at a record weekly average of $207.49/cwt., up $4/cwt. from last week and up $17/cwt. from the recent lows last month. Though this market may be near a peak, the strength and duration of the recent run has been impressive and sets the stage for a stronger summer beef market.

Read more Read it in print
Monday, May 20,2013

Choice movin' on up

by Kerry Halladay, Associate Editor
By Thursday afternoon, about 15,000 head had been confirmed sold, adding to the 8,000 head sold throughout the week. With the exception of Texas—where live cattle sold at $125, a dollar lower than the prior week’s live price—nothing in trendsetting numbers.

Read more Read it in print
Friday, May 17,2013

WASDE predicts record corn crop in 2014

by Kerry Halladay, Associate Editor
Friday, May 10 saw the release of the most recent World Agricultural Supply and Demand Estimate (WASDE) report. Though the report contained very few surprises compared to prereport industry expectations, this was the first WASDE report of the year to include domestic projections for the 2013/2014 marketing year and 2013 world production estimates.

Read more Read it in print
 
 
User Box (click to open)
 
SEARCH IN WLJ
Get WLJ In Your Inbox!
   
 
S M T W T F S
1 2 3* 4* 5* 6*
7* 8* 9* 10 11* 12* 13*
14* 15 16* 17* 18* 19* 20*
21 22* 23 24* 25* 26* 27*
28 29* 30
 
 

© Crow Publications - Any reprint of WLJ stories, except for personal use, without permission, written consent and appropriate attribution is prohibited. 2008 Crow Publications. All rights reserved.