Cattle Outlook
Cattle Outlook: Producers delay sending cattle to market
Last week was another week with little or no improvement in pasture conditions. Some producers are nearing a breaking point when it comes to being forced to send cows to market due to a lack of feed, while others are continuing to hold out hope for some fall pasture growth to prevent a large liquidation.
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Cattle Outlook: Fed prices increase, beef carcass prices higher
For the week ending August 5, 2012, USDA estimates that pasture and range conditions continue to deteriorate. 59 percent of U.S. pasture and range area is now rated poor or very poor.
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Cattle Outlook: Feed yards to struggle with keeping pens full
USDA's semi-year cattle inventory survey said the number of feeder cattle in the U.S. was down 2.2% at midyear.
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Cattle Outlook: Weekly cattle slaughter down 4% from year ago
The July Cattle on Feed report said placements were down 1.8% in June while marketings were down 6.1%, largely due to one fewer slaughter day this June than last.
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Cattle Outlook: Cattle, beef prices lower while corn futures soar
Retail beef prices declined for the third consecutive month during June. The average price of beef in grocery stores during June was $4.932 per pound, down 3.3 cents from May, but up 12.3 cents from June 2011.
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Cattle Outlook: Dry conditions push feed prices higher quickly
Fed cattle prices were a bit higher this week on very light volume. Through Thursday, the 5-area average price for slaughter steers sold on a live weight basis was $117.05/cwt, up 56 cents from last week and up $2.53/cwt from the same week last year. Steer prices on a dressed basis averaged $187.67/cwt this week, up $3.52 from a week ago and up $5.21 from a year ago.
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Cattle Outlook: Fed, feeder cattle prices lower
Hot, dry weather continues over much of the country. USDA says only 56% of the corn crop was in good or excellent condition on June 24.
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Cattle Outlook: Retail beef demand improves in May
The beef carcass cutout value was lower this week. On Friday morning, the choice boxed beef carcass cutout value was $196.90/cwt, down $1.68 from the previous Friday.
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Cattle Outlook: April beef exports surpass 200 million pounds
April beef exports were over 200 million pounds, the first time this level has been eclipsed in 2012. Imports were slightly higher than this however, the third month of the past four where the U.S. was a net importer of beef.
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Cattle Outlook: 5 states cattle production value tops $2 billion
Forecasts of continued dry weather in the southern corn belt boosted corn futures this week. July corn futures ended the week at $5.98/bu, up 47 cents from the previous Friday.
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Cattle Outlook: Economic growth expectations lowered
USDA says 72% of the corn crop was in good or excellent condition on May 27. That compares to 77% good or excellent the week before and 63% a year ago.
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- Post-tornado composting a solution for disposal of dead livestock
- Cornell genetic testing process cuts cost by up to 75 percent
- Angus Foundation receives $28,500 from “The Card Challenge”
- Commentary: In praise of animal foods
- 100K Pathogen Genome Project maps first genomes
- Beef exports depend on quality reputation
- Michigan hay buyers should plan purchases early
- New animal identification rules aid disease traceability
- Corn planting pace turns from record slow to record fast
- U.S. cattle placements rise in April as feed costs subside
- Survey reveals most Americans in favor of COOL
- Corn and soybean prices continue to retrace 2012 drought rally
