Menu

Drovers Cattle Network Cattle Network

Click here for navigation menu

Search form

Markets

Markets

In the Cattle Markets: Feed prices rising along with the water

It is a truism in the commodity markets that “rain makes grain.” This month, that old adage is bumping up against another equally-valid axiom that “too much of a good thing is a bad thing.” Persistent rains across the Midwest have had the combined effect of degrading the condition of the corn crop and also preventing the planting of the last of soybean crop. Both of these factors are supportive of prices across the entire grain/oilseed complex.

Markets

Hungry hogs, cattle gobble up grain during U.S. bird flu outbreak

Higher numbers of hogs, cattle and broiler chickens are gobbling up animal feed, eating into supplies that were expected to grow due to the loss of 48 million chickens and turkeys in the worst-ever outbreak of bird flu in U.S. history.

Markets

Boxed Beef Report: Beef prices fall after holiday

Choice boxed beef prices dropped over the weekend, falling from $250.27 on Friday to $247.96 on Monday. The $2.31 drop resulted in the 27-day average price settling at $251.16. Select boxed beef prices saw a steeper fall of $3.16 to hit $245.26. The 27-day average now sits at $244.71.

Choice primal rib saw no movement over the weekend, staying at $350.19 on Monday. Chioce primal loin and choice primal chuck both saw large falls of $5.12 and $2.18, respectively. Chioce primal brisket was the only cut that saw an increase of $2.96 to hit $173.03.

Markets

Cattle Outlook: Cattle slaughter up from last week

The U.S. economy added 223,000 jobs in June and the number of people in the labor force declined by 432,000. This combination pulled the unemployment rate down to 5.3%. Overall the numbers indicate continuing slow growth.

Markets

Feeder Cattle Review: Cattle futures volatile

Compared to last week, there was some early fireworks show on this holiday shortened week with a volatile ride in the cattle futures and major moves in the grain trade. Several auctions held special yearling sales this week, on Monday yearling feeders were mostly steady to 3.00 lower at two of the major auctions at the Oklahoma National Stockyards in Oklahoma City with 6,660 head and Joplin Regional Stockyards offering 5,395 on a yearling special. On Tuesday feeder contracts traded limit to near limit lower and auctions responded with caution flags waving with several auctions 5.00-10.00 lower.

Markets

Natural gas price movements are mixed

Natural gas price movements are mixed. Prices at most market locations moved by 3¢ to 5¢ through the report week, with exceptions in the West, where above-average temperatures raised prices by more than 10¢ at some locations, and in the Northeast, where cooler weather brought double-digit price declines. Prices in the Rockies rose by a nickel or less, while at PG&E Citygate, serving Northern California, prices rose by 16¢, from $3.13/MMBtu last Wednesday to $3.29/MMBtu yesterday.

Welcome

to our redesigned homepage!

Scroll Down for more stories

Feedback Form
Feedback Form