Menu

Drovers Cattle Network Cattle Network

Click here for navigation menu

Search form

Markets

Markets

Weekly Outlook: Beef industry travelling to a different drummer this year

The beef industry stands alone in 2015 in its continued reduction in supplies available to consumers. The year of 2014 was a special year for the animal production industries with record high farm level prices for cattle, hogs, broilers, turkeys, milk and eggs. For 2015, a surprisingly fast expansion of poultry, pork and milk production will cause lower prices for those commodities. Beef stands alone in the continuation toward lower production, but prices remain uncertain.

Markets

Cattle futures boosted by spot market strength Monday

Fine planting weather depressed corn futures again Monday. The grain industry expects today’s USDA Crop Progress report to indicate a major surge in corn plantings last week and thinks that will continue through this week as well. Not only does the quick planting rate imply relatively high yields if summer conditions are ‘normal,’ farmers typically plant more corn in such circumstances. Persistent futures losses reflect those ideas. July corn futures settled 1.75 cents lower at $3.6125/bushel Monday, while December lost 2.5 to $3.7775.

Markets

Wheat, corn futures dip Monday at midday

Fine planting weather is again depressing corn futures. The industry expects today’s USDA Crop Progress report to indicate a major surge in corn plantings last week and expects that to continue through this week as well. Not only does the quick planting rate imply relatively high yields if summer conditions are ‘normal,’ farmers typically plant more corn in such circumstances. Persistent futures losses reflect those ideas. July corn futures slid 1.75 cents to $3.6125/bushel just before lunchtime Monday, while December lost 2.0 to $3.7825.

Markets

Unusual cattle markets

Unusual market conditions lead to unusual incentives that result in unusual market behavior. This makes markets unusually difficult to figure out. There is considerable variability in views across the industry about the current and coming fed cattle market for the remainder of 2015. And for good reason; we are seeing extremes in conditions and behavior that are clouding the picture.

Welcome

to our redesigned homepage!

Scroll Down for more stories

Feedback Form
Feedback Form