Cash trade had picked up by the middle of the week and live steers sold from $106-110—mostly at $110. Dressed steer purchases were too light for a market trend for most of the week, but were selling between $169-173 Thursday.
Although hay stocks nationally were only down about half a percent in USDA’s latest hay report, some major hay-producing states’ stocks were down significantly due to drought. Stocks are likely going to remain very tight until this year’s first cutting.
The cattle market complex continued to dance on either side of the market, with most impacts a result of the ever-growing price of corn. The cash cattle market remained quiet.
USDA announced in December the appointment of 28 members to serve on the Cattlemen’s Beef Promotion and Research Board.
Nextgen Cattle Co. announced it is set to begin production of its facility, Missouri Prime Beef Packers, at the end of January 2021 in Pleasant Hope, MO.
The American Gelbvieh Association (AGA) honored Loren Fischer of Nevada, MO, as the 2020 Commercial Producer of the Year during the association’s virtual awards banquet in December.
The top five contestants and earnings from the Professional Rodeo Cowboy Association (PRCA).
Cash cattle trade stayed undeveloped through Thursday and futures contracts traded on both sides of the market.
Advances in artificial insemination are ever-growing, and new protocols help producers not only increase conception rates, but offer more flexibility when breeding cattle.
Many factors influence how bales make the trip from the field to the cow. Environmental factors such as sunlight, precipitation, evaporation and ground conditions can affect quality.
