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Friday, April 26,2013

It's spring, but cattle markets are still frozen

by WLJ
There seems to be a chill on cattle markets…both literally and figuratively. Cattle markets remain hunkered down due to weather and other impacts. The unrelenting cold, wet spring continues to have a variety of impacts on both the supply and demand sides of cattle and beef markets.

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Monday, April 8,2013

Cash market continues upwards

by WLJ
There was an interesting game going on in the cash fed market last week. Early in the week, word from packers was that they were going to pull April contract cattle for their needs and avoid the higher cash market. This led analysts to predict a steady to down $1 cash trade.

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Friday, April 5,2013

Poor winter wheat condition

by Kerry Halladay, Associate Editor
The most recent Crop Progress report came out Monday, April 1. The report—the first of this year—showed sorghum plantings as of March 31 in line with the recent past and oat plantings were below last year but on par with the fouryear average.

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Monday, April 1,2013

Cash trade, futures move higher

by WLJ
The vast majority of cash fed trade took place on Thursday morning and early afternoon ahead of the market closures of Good Friday. The small volume of sales earlier in the week developed in the South Plains at $125 live and $202 dressed, but the bulk of the trade on Thursday went for $127-129 live and $203-204 dressed.

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Monday, April 1,2013

Lower placements surprise industry

by Kerry Halladay, Associate Editor
The most recent Cattle on Feed report was released Friday, March 22 by USDA. The report covered the number of cattle on feed as of March 1 in feedlots with a 1,000-head or greater capacity, as well as the number placed on feed in, and marketed from, such feedlots during the course of February.

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Friday, March 29,2013

USDA pegs corn acres at 97.3 ma, soy at 77.1 ma

by DTN
Some of the largest increases, percentage wise, come from increased planting in Arkansas, Mississippi and other Delta states as farmers switch from cotton to corn. USDA expects farmers in Illinois, Indiana, Missouri, Kansas, South Dakota and Nebraska to plant slightly less corn than last year.

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Friday, March 29,2013

Global food security in 2050

by WLJ
The book “Who Will Feed China?: Wake-up Call for a Small Planet,” authored by Lester Brown in 1995, was a surprising wake-up call about world food security. Brown claimed that food production was not growing fast enough to feed China’s increasing population, which could result in rising food prices in China and the rest of the world.

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Friday, March 29,2013

Stored beef up, but proportion of total down

by Kerry Halladay, Associate Editor
The USDA Cold Storage report came out Friday, March 22 and reported on the red meat and poultry in cold storage for February. Overall red meat in cold storage was up 3 percent in February 2013 versus February 2012 with 1.15 billion pounds. This represented 52.

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Monday, March 25,2013

Product values reversed, demand questioned

by WLJ
Cash trade developed fairly early last week, with the majority of trade volume completed by Wednesday. Each day’s trade was individually said to be light, however.

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Friday, March 22,2013

Lending up $10B, more than 3,600 jobs added by farm banks

by WLJ
“The continued growth in farm loans demonstrates the important role banks play in the success of farms and ranches both large and small,” said John Blanchfield, senior vice president and director of ABA’s Center for Agricultural and Rural Banking. “Banks remain the most important source of ag credit holding more than half of all farm loans.

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