Greg Henderson
Cattle feeding losses nearly double as cash market drops
A $2 per hundredweight decline in cash cattle prices last week significantly increased losses on harvest-ready cattle. Pork producers also saw losses increase as negotiated cash sales declined nearly $4 per hundredweight.
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Drought worries cure grass fever – stocker, feeder cattle lower
Continuing drought across the Central Plains has removed much of the optimism from grazing cattle markets. Last week buyers sat on their hands as stocker and feeder cattle prices moved lower on all classes.
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Drug residue fears widen European horsemeat scandal
Authorities believe meat from six horses treated with phenylbutazone were included in products sold to European consumers as beef. European officials continue to investigate the horsemeat scandal, and have implemented new control measures.
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Feeders, packers trudge through another dismal week
Cattle feeders and beef packers have seen enough red ink, but they’ve been unable to push the markets or gain enough leverage to ease their pain. Something’s got to give.
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Expect high prices, low returns
Despite a market poised to deliver what could be record-high prices, profits remain elusive. Cattle-Fax CEO Randy Blach delivered the sobering news to cattlemen during last week’s Outlook Seminar in Tampa.
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Packer losses exceed $100 per head, feeding margins improve
Beef packers saw their losses jump more than $40 per head last week while cattle feeders saw margins improve modestly. Pork producers and pork packers also saw their margins decline for the week.
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Warm, dry spring and a developing La Niña are forecast
Meteorologist Art Douglas says the cooling of Pacific Ocean waters will support expansion and intensification of drought conditions in the West and Central Plains through spring.
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Prices for lightweight cattle provide week’s only bright spot
Green grass may be weeks away, but backgrounders were in the market last week seeking light cattle for grazing programs. Heavy feeder cattle found weaker demand as cattle feeders continue to struggle with significant losses and soft fed cattle prices.
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Drought relief for a few, rain in the forecast
Drought conditions are easing in the eastern Corn Belt, but the Great Plains are still locked into an historically dry pattern. Meteorologists are predicting storms for later this week that could provide some relief to the Plains.
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Cattle feeding margins improve on higher cash sales
Cattle feeding margins improved $46 per head last week after cash fed cattle prices jumped $3 per hundredweight, according to the Sterling Beef Profit Tracker.
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Tight supplies, a little rain turn feeder cattle sharply higher
Auction receipts are running 20 percent below last year and demand for grass cattle is already described as frantic. All cattle markets turned sharply higher with an additional boost from a widespread rain across the Midwest.
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- U.S. revises meat-labeling rules to satisfy WTO ruling
- NASA backs 3D food printer to feed growing population
- Alltech Symposium challenges agribusiness to make an impact
- Exports: Corn plunges 52 percent
- Here is the next farm program and here’s how you work it
- Immigration bill gets Senate boost; House effort teetering
- 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
