Economic Indicators: Production markets costs show improvement

 Resize text         Printer-friendly version of this article Printer-friendly version of this article

Cattle prices have disappointed ranchers and feedyard operators since mid-winter, leaving the industry struggling with constant losses. Packers have seen the same red ink on their ledgers. Increasing spring moisture in the Midwest and portions of the High Plains improved grazing and grain production prospects for the season, and feed costs declined significantly during April, leading to a late-month rally in cattle prices. The steer-corn ratio improved 1.19 for the month. Monthly average prices for both yearlings and grass cattle, however, declined for the third consecutive month. Pork and poultry production tapered off during April, providing some improvement to beef’s competitive position. Demand for beef, however, remained sluggish as damp, cool weather delayed the start of the spring grilling season.



Comments (0) Leave a comment 

Name
e-Mail (required)
Location

Comment:

characters left


XUV 855 Power Steering

Combining power steering with diesel power, durability and toughness, the 30 MPH, 22.8 HP John Deere Gator XUV855D features updates that enhance ... Read More

View all Products in this segment

View All Buyers Guides

Feedback Form
Leads to Insight