03/09/2010 01:24PM
Light cattle weights, stronger cash cattle, hedge lifting, and fund
buying were supportive. Cash cattle bought last week had cattle owners
buying back short hedges. Fund rolling and spreading then developed.
This was price supportive.
03/05/2010 02:33PM
This was another good week for hog prices. Barrow and gilt prices ended
the week $1-3 higher than where they started. This week’s prices are
the highest since September 2008 and are at or above breakeven for the
average producer.
03/05/2010 02:30PM
USDA’s latest long-term forecast is for steady improvement in cattle prices. At their annual outlook forum, USDA predicted higher fed cattle prices each year for the next 9 years with prices for slaughter steers averaging slightly above $100/cwt live in 2019. They expect the cattle inventory to bottom in 2011 and then expand very slowly.
03/04/2010 01:57PM
Warmer weather moved into major population centers this report week, limiting demand related to space heating for much of the country. Prices declined, with the biggest decreases occurring at markets in the Rocky Mountains and the Midcontinent.
03/03/2010 01:56PM
Loan demand remained weak across the country. New York, Cleveland, and
Kansas City reported decreased demand for most types of loans.