Markets
Production costs remain profit driver
Significant price declines for all classes of cattle were the norm across the country during August. Heat, drought and rising corn prices continued to produce major challenges for cattle producers.
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Beef export values higher
Beef export values remained higher during the first half of 2012, despite the fact beef export volume was significantly lower.
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Drought weighs on feeder markets
All classes of stocker and feeder cattle came under significant pressure during August as the drought intensified. According to Drovers/CattleNetwork’s 50-market auction summary, steer prices declined 14 to 19 percent since March.
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Few bright spots in female market
Skyrocketing grain and hay prices, a result of the widespread drought, pressured most female markets during August. Keeping a cow this winter is going to be expensive — if you can find hay to purchase.
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Economic indicators: Declining prices, devastating margins
Significant price declines for all classes of cattle were the norm across the country during July. Heat, drought and rising corn prices produced major challenges for cattle producers.
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Summer melts stocker/feeder markets
Both calf and yearling markets have experienced significant pressure since prices peaked in March.
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Export data suggest minimal BSE impact
The fourth U.S. case of BSE announced on April 24 produced only minimal impact on U.S. beef exports, according to data released by USDA.
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Female markets trend lower
Female prices held firm through late spring, but as the heat and drought withered pastures, prices soon followed those of feeder cattle lower.
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Issues that matter: Drought feeds RFS debate
The declining state of this year’s corn crop has prompted new calls for elimination, or at least a modification, of the Renewable Fuel Standard, which currently mandates 15.2 billion gallons of renewable fuels going into the nation’s fuel supply this year, most of that from corn.
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Markets: Female markets mixed during May
A drier-than-normal spring across large portions of the Central Plains tempered much of the optimism ranchers developed as feeder-cattle prices hit record highs during March.
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Economic Indicators: Steady prices, declining margins
Average monthly prices for calves, yearlings and fed cattle were mostly steady, but rising production costs and an increasing supply of market-ready cattle are keeping profit margins well below breakeven.
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- What’s on America’s grill this weekend?
- Former Eastern Livestock CEO, CFO sentenced for federal crimes
- Tyson sends disaster-assistance truck to Oklahoma
- More beef cows in worst drought regions than a year ago
- Forage Focus: Pay attention to hay moisture
- Oil falls as Fed minutes send U.S. equities down
- Post-tornado composting a solution for disposal of dead livestock
- Michigan hay buyers should plan purchases early
- Seven jobs more dangerous than farming
- New animal identification rules aid disease traceability
- Former Eastern Livestock CEO, CFO sentenced for federal crimes
- Drought losses in Oklahoma top $400 million for 2012
