Greg Henderson
All ingredients for a cattle rally in place but one
Market fundamentals suggest current stocker and replacement cattle purchases could produce the “widest range of expected return than any time in history,” except, producers are missing a critical element to production.
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Feeding, packing margins improve; pork margins tumble
A $2 per hundredweight bump in cash fed cattle prices and a $1.50 increase in boxed beef prices helped both feedyards and packers improve their margins last week. Negotiated hog prices declined more than $1 per hundredweight resulting in further declines in pork margins.
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Turkey week kind to beef – fed, wholesale prices move higher
Packers paid up to acquire cattle on Wednesday, pushing cash cattle prices $2 higher and dressed prices $4 to $5 higher. Wholesale beef prices moved higher as did live cattle futures last week. Feeder cattle and calves saw a firmer undertone early in the week.
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Feeding losses increase again, pork margins slip, too
Steady boxed beef prices and steady cash fed cattle prices last week resulted in a modest increase in losses for cattle feeders and a modest improvement for packer margins. Negotiated hog prices declined more than $2 per hundredweight.
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Calf, stocker markets weaker as wheat pastures called “spoiled"
Demand for stocker cattle and calves grows softer with each passing dry week. Exceptions to the trend were noted in a narrow corridor where backgrounders seek cattle that are vaccinated and hard-weaned. Yearling feeder cattle remain a scarce commodity.
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Farmland prices: Boom or bubble?
Can the trend in farm and ranch real estate prices continue? A new report from the American Enterprise Institute for Public Policy Research examines current patterns in the price of U.S. land.
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Diesel prices under $4 per gallon as crude oil declines
Crude oil prices have fallen since early September as world supplies continue to grow. The result has been good news for U.S. consumers who have found lower average gasoline and diesel prices.
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Feeding losses increase significantly, packers slip, too
Declining boxed beef prices and a $1 drop in cash fed cattle prices increased losses for both feeders and packers last week. Pork producers also saw margins erode with another $1.25 drop in negotiated cash hog prices.
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Stocker and feeder cattle weaken as drought persists
Drought's impact extends beyond the obvious lack of forage. Purchased cattle are walking off the truck in poorer condition than normal, increasing the risk of disease outbreak and lowering cattle’s ability to respond to treatments. Yearling feeder cattle are mostly absent from auctions.
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Voters reject Proposition 37 and Measure 5
Voters in California and North Dakota rejected two ballot initiatives that were opposed by agriculture groups. Both measures generated interest from far outside those states from food advocates and animal rights activists.
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Prop 37: California rejects proposal to label GMO foods
Despite some high-profile support from food celebrities and food writers, Californians defeated Proposition 37, which would have required foods containing GMOs to be labeled as such.
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- Canada cattle report: Canadian steer, heifer prices steady
- A conversation with Dr. Jim Marsden about the safety of beef
- Traders evening up positions ahead of the weekend Friday
- Nearly 1,000 emaciated cattle found on N.M. ranch
- Ag groups assisting cattle operations affected by tornado
- NOAA: Get ready for a busy hurricane season
- Former Eastern Livestock CEO, CFO sentenced for federal crimes
- Post-tornado composting a solution for disposal of dead livestock
- TSCRA works with sale barns to catch Houston cattle thief
- Michigan hay buyers should plan purchases early
- More beef cows in worst drought regions than a year ago
- New animal identification rules aid disease traceability
