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Friday, November 22,2013

Current cattle markets foretell 2014 market expectations

by WLJ
The counter-seasonal behavior of cattle markets this fall indicates the transition occurring in beef and cattle markets. The fourth quarter of 2013 provides insight into the general expectations for markets in 2014. Cattle slaughter for the year to date is down 1.

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Friday, November 22,2013

Where are farm land values going in the future?

by Kerry Halladay, Associate Editor
On the one hand, the most recent Land Values report from USDA’s National Agricultural Statistics Service showed overall farm real estate value—which includes the value of all land and buildings on farms—averaged $2,900 per acre for 2013, up 9.4 percent from the revised 2012 values.

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Friday, November 22,2013

Cost of the classic Thanksgiving dinner down slightly for 2013

by WLJ
The American Farm Bureau Federation’s 28th annual informal price survey of classic items found on the Thanksgiving Day dinner table indicates the average cost of this year’s feast for 10 is $49.04, a 44-cent price decrease from last year’s average of $49.

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Friday, November 22,2013

Beef exports continue upward

by WLJ
Paced by sustained strong performances by the Japan and Hong Kong markets and a rebound in Mexico, U.S. beef exports in September remained ahead of 2012 levels. U.S.

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Monday, November 18,2013

Corn production up on increased yields

by Kerry Halladay, Associate Editor
The big news of the most recent World Agricultural Supply and Demand Estimates (WASDE) report involved the changes to the corn projections. Though the report’s estimated corn production rate for the 2013/2014 crop is up from the previous estimate, the number was still down from prereport trade averages.

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Monday, November 18,2013

Consumer attention turns to turkey

by Kerry Halladay, Associate Editor
“A post-Thanksgiving rally is expected for product and cash cattle values,” said Andrew Gottschalk of Hedgers Edge. That might not be a good thing in the long run, however, as cash prices and their influencing market elements—such as production rates, feeder prices and futures—threaten to push prices out of consumers’ willingness to pay.

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Friday, November 15,2013

Restaurant Performance Index declined in Sept.

by WLJ
The RPI—a monthly composite index that tracks the health of and outlook for the U.S. restaurant industry— stood at 100.2 in September, down 0.3 percent from a level of 100.5 in August. Despite the recent declines, the RPI remained above 100 for the seventh consecutive month, which signifies expansion in the index of key industry indicators.

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Friday, November 8,2013

Beef demand poised for problems

by Kerry Halladay, Associate Editor
Cash fed cattle trade again returned to the “leave it ‘til Friday” approach last week. Analyst expectations were mixed on if the week’s trade would be steady/higher, steady/lower, or just plain steady.

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Friday, November 8,2013

Marketing cull cows to potential

by WLJ
Drought has caused many cow herds to be culled extensively over the last two years. However, some culling of beef cows occurs in most herds every year. A few cows will become reproductively unsound, brokenmouths, bad udders, open, and/or just plain old.

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Friday, November 8,2013

Cattle on feed down, placements up

by Kerry Halladay, Associate Editor
After more than two weeks delayed, the September/October Cattle on Feed (COF) report was released to little fanfare. The results were called neutral though analysts predict it bodes well—or badly, depending on your perspective—for months to come. Tight supplies of cattle are coming.

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