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Natural gas supply down

Henry Hub price reaches lowest level since July 2012. The Henry Hub spot price began the report week last Wednesday at $2.47/MMBtu, then dropped 21¢ by Friday to $2.26/MMBtu, the lowest Henry Hub spot price since July 2012. The price then rose to close at $2.46/MMBtu yesterday. Prices in most markets, except the Northeast, followed a similar pattern, ending down for the week, after reaching weekly lows on Friday. Chicago Citygate spot prices started at $2.56/MMBtu last Wednesday and closed yesterday at $2.46/MMBtu.

Drovers Cow/Calf

Marketing cull cows

Some culling of beef cows occurs in most herds every year. A few cows will become reproductively unsound, broken-mouths, bad udders, open, and/or just plain OLD. If feed resources are available, some producers may wish to market the culls after the first of the year for tax purposes.


Beef and pork byproducts make dollars and sense

ERS research indicates that a $1 increase in the value of byproducts to processors adds about 10 cents to the average price paid per hundredweight to producers of fed steers (slaughter cattle that have been finished on concentrated feed on a per hundredweight basis).


Morning Farm Report: Cattle prices see a jump

Livestock prices saw a jump on Thursday, raising across the board. Live cattle prices saw a $1.83 increase, rising to $131.18. This jump brought the 27-day average price to $134.65. Feeder cattle also saw an even greater increase, raising from $184.95 on Wednesday to $187.88 on Thursday. The $2.93 rise brought the 27-day average price to $191.93.

Lean hog prices jumped 17 cents to $74, bringing the 27-day average price to $70.83.

Both corn and wheat saw five-cent decreases, falling to $3.91 and $5.12 respectively. Soybeans fell more, decreasing 10 cents to hit $8.81.


Boxed Beef Report: Beef prices rise

Choice boxed beef prices saw a jump of $1.61 today to hit $204.97. This rise brought the 27-day average to $223.91. Select boxed beef also saw an increase from $197.74 on Wednesday to $198 on Thursday. This 26-cent jump brought the 27-day average price to $216.93.

Choice primal rib saw a large increase in price, hitting $311.34 after a $11.06 jump. Choice primal loin saw the next largest jump of $2.11 to hit $275.68. Choice primal brisket saw the largest fall of $1.34 to $132.56. 


Farmers wonder how low calf prices will go

Cattle producers have benefitted from high calf and feeder prices in the not too distant past. More recently, however, cattle markets appear to be weakening, and farmers are wondering just how low the prices could go.


Imports of Australian beef should moderate in coming months

U.S. beef imports were up 32.5 percent in the first seven months of 2015. This follows a beef import increase of 31 percent year over year in 2014. The 2014 beef import total was the highest level since 2007 and, at the current pace, total 2015 beef imports could be a new record high.


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