USDA Market News
Corbitt Wall: Calf market higher across the country
Steer and heifer calves traded unevenly 2.00-10.00 higher with instances as much as 15.00 higher, and the gains were even posted in the driest areas of Texas and the Southeast where drought has taken hold in certain pockets.
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Bullish Cattle-on-feed report pushes cattle prices higher this week
Compared to last week, feeder and stocker cattle sold sharply higher in response to last week’s bullish cattle-on-feed report, lower grain prices, and a fed cattle market rally.
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Corbitt Wall: Fed cattle market climbs
Corbitt Wall with the USDA discusses a weekly feeder and stocker cattle market summary for the week ending June 17.
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Corbitt Wall: Light demand for calves
Cattle feeders sold finished showlists 1.00 higher at 105.00 in the Southern Plains and 107.00-108.00 up north, dressed sales gained 2.00-5.00 from 172.00-175.00 with the biggest gains seen in the predominantly dressed trade area in eastern Nebraska.
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Hot weather equals light calf demand
Compared to last week, available offerings of yearling feeder cattle in the nation’s auction markets sold firm to 5.00 higher while direct trading remained very slow following the recent selloff on the CME cattle futures.
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Corbitt Wall: Market influencing factors stacked against feeder cattle
Compared to last week’s sharply lower market, feeder steers and heifers sold mostly steady to 3.00 lower in a light holiday test. Stocker cattle and calves traded uneven across the country with most trends ranging from 3.00 lower to 3.00 higher.
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Fed cattle market holds steady this week
Compared to last week’s sharply lower market, feeder steers and heifers sold mostly steady to 3.00 lower in a light holiday test.
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Cattle prices drop most on most popular weights
Compared to last week, feeder cattle and calves sold 4.00-8.00 lower with many instances as much 10.00 lower with the full decline on the highest valued and most popular weights of steers from 500-800 lbs.
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USDA's Corbitt Wall: Feeder cattle and calves $4-$8 lower
A full decline was seen on the most popular weights of steers. The highest-value cattle saw the biggest losses. The least decline was mostly on heifers and lighter weight heifer calves.
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Corbitt Wall: Massive selloff of all commodity markets
It’s unclear if there is a connection or a mere coincidence, but there has been a massive speculative sell-off of commodities ever since the demise of Osama Bin Laden, with the exception of grains which have found recent support from flooding and slow planting progress.
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Corbitt Wall: Yearling feeder steers & heifers fall
The USDA-AMS LGMN Branch provides a weekly video providing timely market information and quotes pertaining to feeder cattle.
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- New animal identification rules aid disease traceability
- Oklahoma producers have access to new OQBN tool
- Survey reveals most Americans in favor of COOL
- Oil ends higher on weaker dollar, supplies weigh
- Purdue's beef evaluation program receives 10,000th bull
- Corn planting pace turns from record slow to record fast
- Michigan hay buyers should plan purchases early
- Ag markets were mixed to start the new week
- U.S. cattle placements rise in April as feed costs subside
- Schwieterman: Cattle futures end week with sharp losses
- Corn planting pace turns from record slow to record fast
- New school lunch beef recipes win approval from kids, foodservice
