Close
Home  Markets
 
 
Friday, November 11,2011

Fed trade comes in steady

by WLJ
Fed cattle trade remained quiet last week. Iowa saw a few Holstiens trading for $1.80 on Tuesday. Nebraska and Iowa trade on Wednesday saw a few hundred head sold for $123.5-124 live and $1.95 dressed.

Read more Read it in print
Saturday, October 29,2011

Packer margins remain sharply negative

by Traci Eatherton, WLJ Managing Editor
Despite the lower cutout values last week, fed cattle prices were higher. The fed cattle market strengthened at $1 to $2/cwt. higher last week with sales at $120-121 in the south Plains and $120-122 in the Corn Belt. Dressed sales were reported at $189 to $192/cwt.

Read more Read it in print
Saturday, October 29,2011

Cattle on feed up 5 percent

by WLJ
Cattle and calves on feed for slaughter market in the U.S. for feedlots with capacity of 1,000 totaled 11.3 million head on Oct. 1, 2011. The inventory was 5 percent above Oct. 1, 2010, and the second highest October inventory report since the series began in 1996.

Read more Read it in print
Monday, October 24,2011

Export sales drop

by Traci Eatherton, WLJ Managing Editor
Futures markets were steady to mixed as futures traders waited for the cash markets to develop most of the week. With packer margins continuing to be in the red, tight cattle supplies were looking for firm cash prices.

Read more Read it in print
Friday, October 14,2011

Packer losses grow

by WLJ
Analysts have suggested for weeks the fed cattle market could rally this fall as supplies of market-ready cattle would tighten. Aggressive packer bidding the past two weeks, despite flat wholesale beef prices, is seen as evidence packers are hunting a little harder for the cattle they need, according to analysts.

Read more Read it in print
Friday, October 7,2011

Fed cattle trade $6 higher

by WLJ
Cattle futures traded higher last week, pulling the live and dressed cash markets with it. The October contract was trading at $122.20 Thursday and deferred contracts were trading in the same range. April seems to be where the next price advance is and was trading at $126.

Read more Read it in print
Friday, September 30,2011

Live cattle futures mixed

by WLJ
Trade remained sluggish most of last week with only a few token packer bids of $116 live and $1.83- 1.84 dressed being passed by bullish feedlot managers asking $120 live and $1.90 dressed. "The way it looks right now, a $118/$1.86-$1.88 trade seems reasonable," according to Troy Vetterkind with Vetterkind Cattle Brokerage.

Read more Read it in print
Friday, September 23,2011

Outside markets impact fed cattle markets

by WLJ
Fed cattle markets were slow to develop again last week. Futures markets were showing some strength early last week until Thursday when the news of a broader equity market sell-off took place, dragging nearly all commodities down.

Read more Read it in print
Friday, September 9,2011

Futures market rally boosts trade

by WLJ
Fed cattle trade was slow to develop last week after lackluster meat sales over the Labor Day weekend. Futures markets were stronger on live cattle, setting the stage for stronger fed trade later in the week.

Read more Read it in print
Friday, September 2,2011

Cattle market set to stabilize

by WLJ
Cash fed cattle trade was slow to develop last week coming into a Labor Day-shortened production week. Cattle feeders were offering cattle at $114 live and $181 dressed but packer offers were at $110-111 and $177-178, respectively. Trade was expected to be steady to $1 lower than the prior week.

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 31
 
 

© 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.