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Friday, July 29,2011

Placements exceed expectations

by WLJ
The drought is forcing cow liquidation in the southern Plains, and it’s also pushing calves and lightweight feeder cattle into feedlots, according to USDA’s July Cattle on Feed report. The National Agricultural Statistics Service reported that the number of cattle on feed in feedlots of 1,000 head or more in the U.S. rose

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Friday, July 29,2011

Ag leader calls for balanced energy policy

by WLJ
Smart energy policy must balance renewable and conventional sources of energy, stress self-sufficiency and avoid diluting science with politics, according to California Farm Bureau Federation President Paul Wenger.

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Thursday, July 21,2011

Fed cattle prices decline as demand weakens

by WLJ
Fed cattle trade slipped again last week as high temperatures and declining demand hit the market. Analysts have been calling for a late July summer low, so the market could be close to hitting its bottom in the near term. In the southern Plains last week, live fed cattle traded $2-3 lower at $108-109 while dressed cattle in the North were

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Friday, July 15,2011

Expected weakness ahead caps fed market

by WLJ
Fed cattle trade was slow to get started last week with feedlots holding off on packer bids, hoping to keep the market steady despite the hot weather settling into much of the country. Packers, on the other hand, were hoping to push prices lower as a result of expected weakness in the beef markets in the weeks

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Friday, July 8,2011

Feeder cattle find better prices as corn slides

by WLJ
There are still expectations that beef demand going into the later half of July will weaken and that has the market reacting cautiously to any upside price advances. The full production week ahead should refill any beef supplies that moved through the pipeline prior to the Fourth of July holiday and domestic sales were about in line with

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Friday, July 1,2011

Video sale posts excellent prices on strong demand

by WLJ
The fed cattle trade last week was slow to get started as packers were looking at the expectation that beef prices were likely to drop after the Fourth of July holiday weekend. That kept the bulk of last week’s trade pending at midday last Thursday as feedlots held cattle back

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Friday, June 24,2011

Early fed cattle trade reported $1-2 higher

by WLJ
A see-saw week in the fed cattle markets pushed off the bulk of trade last week until very late, with the majority of the action looking to be postponed until Friday. The early light sales in the Corn Belt and Nebraska were reported at $178-180 dressed while some live cattle trades were reported at $110-111 at midday last

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Thursday, June 16,2011

Fed market moves $2-3 higher

by WLJ
Fed cattle trade was developing last Thursday in a full range of $107-109 live in the southern Plains. Northern trade, where volumes were still on the light side, was reported at $178 dressed at midday last Thursday. Those prices were $2-3 higher on the live cattle and dressed trade was $3 above the

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Thursday, June 9,2011

Markets turn higher

by WLJ
Fed cattle trade was fully developed by late last Wednesday. For the week, trade reversed its recent slide and moved $1-2 higher on live cattle in the southern Plains where cattle traded in a range of $105-106. Dressed trade in the northern tier was reported at $172-175, a level which was $3-4 higher than the

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Friday, June 3,2011

Markets trade steady after good holiday sales

by WLJ
Fed cattle traded steady last week after a hard sell-off in the futures markets pushed cattle feeders to the table to sell cattle last Wednesday. Live cattle in the southern Plains traded mostly steady to slightly firmer than the prior week at $104 while northern cattle feeders sold live

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