USDA Market News
Tight numbers should only cause demand to increase further
Compared to last week, feeder classes traded higher on a full head of steam from the previous Friday’s bearish grain report and 5.00 higher fed cattle market.
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Corbitt Wall: Near term pressure on current on-feed inventories
Optimism for the long term future of commercial cattle production sparred with near term pressure over current on-feed inventories, continuing drought struggles, and health issues with changing weather patterns to result in wide price trend spreads.
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Global economy concerns pressure cash cattle prices
Compared to last week, feeder cattle and calf prices were very uneven and very regionalized with the only consistency being that Thursday’s collapse of commodity markets from global economy concerns definitely pressured cash prices.
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Corbitt Wall: Feedlots have above average inventory of lightweight calves
Compared to last week, the bulk of the yearling sales were unevenly steady to weak with downside pressure prevailing early in the week and several mid-to-late week auctions quoting higher prices.
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Heavy offerings of unweaned calves meet light demand
Compared to last week, the bulk of the yearling sales were unevenly steady to weak with downside pressure prevailing early in the week and several mid-to-late week auctions quoting higher prices.
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USDA’s Corbitt Wall: Fed cattle market flexed its muscle trading higher
Compared to last week, limited holiday receipts of feeder steers and heifers sold mostly steady to firm while calves under 600 lbs traded steady to 2.00 lower.
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Expect feeding supplies to be a burden for cow/calf producers
Compared to last week, limited holiday receipts of feeder steers and heifers sold mostly steady to firm while calves under 600 lbs traded steady to 2.00 lower.
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USDA’s Greg Harrison: Producers facing tough decisions with high feed cost
There are plenty of livestock producers who are hoping the corn harvest turns out better than some of the recent predictions as last week the Pro Farmers Tour pegged this year's crop at 147.9 bushels were not encouraging.
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Calf buyers this week in many areas hesitant to flex their muscles
Compared to last week, lighter receipts of feeder cattle going into the Labor Day Weekend traded very uneven depending on geographic location.
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USDA’s Corbitt Wall: High feedcosts a concern for cow calf producers
Join us from the USDA Livestock and Grain Market News and Cattlenetwork.com for USDA Corbitt Wall's weekly market summary.
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Calves and yearlings trade lower pressured by on-feed report
Compared to last week, calves and yearlings sold 2.00-6.00 lower under pressure from last week’s bearish cattle-on-feed report and weaker fed cattle market.
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- New school lunch beef recipes win approval from kids, foodservice
- Prices for corn and soybeans, five years from now
- Drier weather to give big boost to U.S. corn plantings
- Agriculture is expected to remain strong in the coming decade
- What sick day? Farmers take just three a year
- Insects. They’re what’s for dinner!
