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Oil prices ease as OPEC talks of increasing output

Greg Henderson, Editor, Drovers/Cattlenetwork — Wed, 23 Mar 2011 09:55:38 GMT

Many traders and financial analysts still believe oil prices will average around $100 for the year, but some ominous trends suggest not everyone is sold on those forecasts. Much will depend on if Saudi Arabia can pick up the production slack.

Heading off the inevitable

Dan Murphy — Wed, 23 Mar 2011 09:48:15 GMT

The best defense is . . . well, it isn’t clear what can be done to defend livestock producers against the well-funded attacks orchestrated by the Humane Society of the United States.

AMI says GIPSA would impede job growth

PorkNetwork news staff — Wed, 23 Mar 2011 09:34:26 GMT

As the national discussion on regulatory reform heats up, the American Meat Institute continued to voice its call in television, radio and print interviews for a withdrawal of the proposed livestock marketing rule published in June by USDA’s Grain Inspection, Packers and Stockyards Administration.

AMI calls for withdrawal of proposed GIPSA rule

PorkNetwork news source — Wed, 23 Mar 2011 09:34:08 GMT

President Obama told the U.S. Chamber of Commerce in a speech Monday that he urges businesses to make investments that will help create growth and that, “If there is a reason you don't believe that this is the time to get off the sidelines – to hire and invest – I want to know about it. I want to fix it.”

Tyson reports better than expected profit on strength in beef, pork

Bruce Blythe, Business Editor — Wed, 23 Mar 2011 09:32:52 GMT

Shares of Tyson Foods Inc. surged to a nine-month high after the company reported a stronger-than-expected, $298 million quarterly profit and said it expected favorable results the rest of the year as shrinking supplies and growing demand support beef and pork prices.

In Hard Times, States Still Spend To Protect Farms

Wed, 23 Mar 2011 09:21:42 GMT

Despite tough financial times following the worst recession in decades, some states continue to spend millions of dollars to preserve American farmland and stem its rapid loss to development and suburban sprawl.

Schwieterman: Live Cattle & Beef Prices Lower

Wed, 23 Mar 2011 09:21:38 GMT

Feeder cattle futures were lower across the board on Friday, even though the corn dropped to new lows for the move. The lower feeder trade is in response to lower cash trade in the live cattle and a slide in deferred live futures prices.

Managing Risk In Volatile Times

Wed, 23 Mar 2011 09:21:32 GMT

Agriculture input and commodity prices seemed to be on a rollercoaster during the last few months of 2010, with the inclines being longer and more sustained than the short dips down. This left general price levels much higher than forecasts of only a few short months ago.

Schwieterman: Live Cattle Futures Start Week Sharply Higher

Wed, 23 Mar 2011 09:21:23 GMT

Live cattle futures started the weak positively, with moderate to sharply higher prices. Deferred contracts closed above key moving average resistance and beef cutouts were back to a positive.

Farm Lobbying Group Cautions States On Immigration

Wed, 23 Mar 2011 09:21:12 GMT

States that crack down on illegal immigrants should also help farmers who need seasonal labor, the nation's largest farm lobbying group said Tuesday.

Schwieterman: New Buyers Take Live Cattle Futures Higher, Cold Hurting Feeders

Wed, 23 Mar 2011 09:21:07 GMT

Live cattle futures closed sharply higher on Tuesday, with a combination of new buyers and short covering entering the market. Cutout values remain stronger and feedlot resolve stronger by the hour.

Schwieterman: Feeder Cattle Futures Trading Back Above Cash Index

Wed, 23 Mar 2011 09:21:00 GMT

Feeder cattle futures posted new contract highs across the board, with gains of as much as 1.20 in the May contract. Futures prices are now trading back above the cash index. The premium on the board offers the chance for placing puts under un-priced inventory.

Schwieterman: Feeder Cattle Futures Reach New Contract Highs

Wed, 23 Mar 2011 09:20:48 GMT

Feeder cattle futures posted another round of new contract highs in Thursday’s session, with moderate to higher gains seen across the board. Overnight saw selling develop this a.m., with losses of as much as .60 being posted as we write.

Schwieterman: Feeder Cattle Futures Start Week With Momentum

Wed, 23 Mar 2011 09:20:27 GMT

Feeder cattle futures start the week with impressive momentum. After rising nearly 5.00 in the active March contract for the week, futures are up another 1.00+ in overnight trade. The rise in price comes in the face of corn rising .54 a week ago and another 6-7 cents overnight.

Schwieterman: Feeder Cattle Futures Gaining At A Rapid Pace

Wed, 23 Mar 2011 09:20:14 GMT

Feeder cattle futures started the week on fire, posting midsession gains of nearly 3.00, before a late selloff. January held on to gains of 1.70, while deferred contracts closed 1.50-2.00 off of their daily highs. Corn price continues to climb to new highs, with another .06 rise overnight.

How Much More Will Your Cost Of Corn Production Be Compared To 2010?

Wed, 23 Mar 2011 09:20:10 GMT

Cornbelt farmers will have a responsibility this spring when they plant corn. They will have to write some big checks to pay for the crop inputs. Big checks for fertilizer, seed, chemicals, fuel. Big checks. Bigger than last year even.

Allendale Estimating Higher Cattle On Feed Levels For January

Wed, 23 Mar 2011 09:20:06 GMT

December Placements are expected to be 2.8% larger than last year. This represents five months in a row of higher placements. The industry knows Placement levels will switch to below last year levels soon.

Round Two Of The Checkoff Spending Dispute

Wed, 23 Mar 2011 09:20:01 GMT

During last year’s Beef Industry Summer Conference in Denver, contentious discussions of NCBA’s apparent misspending of some Beef Checkoff funds dominated several sessions and hallway chatter.

Schwieterman: Feeder Cattle Futures Follow Live Cattle Lower

Wed, 23 Mar 2011 09:19:59 GMT

Feeder cattle futures followed the live lower on Wednesday, in spite of nearly .20 losses in the corn futures. Momentum could be peaking as far as feeders are concerned, although cash interest in country sales and on video continue to be quite high.

Schwieterman: Feeder Cattle Activity Mixed Ahead Of Feed Report

Wed, 23 Mar 2011 09:19:48 GMT

Feeder cattle futures separated from the fats on Thursday’s close, feeling the pressure of the strong reversal higher in the corn pit. Overnight activity in front of this afternoon’s on feed report is narrowly mixed as is the corn market.

Schwieterman: Has The Cattle Market Reached Its Top?

Wed, 23 Mar 2011 09:19:38 GMT

The cattle charts are very concerning. Tuesday huge move up and then massive failure make for a very ugly chart pattern. Wednesday and Friday’s action wasn’t much better and I expect to see follow through selling next week.

Weekly National Grain Market Review

Wed, 23 Mar 2011 09:18:36 GMT

SJ_GR851 St. Joseph, MO Fri Jan 07, 2011 USDA-MO Dept of Ag Market News WEEKLY NATIONAL GRAIN MARKET REVIEW Compared to

Weekly National Grain Market Review

Wed, 23 Mar 2011 09:11:18 GMT

SJ_GR851 St. Joseph, MO Fri Jan 14, 2011 USDA-MO Dept of Ag Market News WEEKLY NATIONAL GRAIN MARKET REVIEW Compared to

Weekly National Grain Market Review

Wed, 23 Mar 2011 09:04:27 GMT

SJ_GR851 St. Joseph, MO Fri Jan 21, 2011 USDA-MO Dept of Ag Market News WEEKLY NATIONAL GRAIN MARKET REVIEW Compared to

Hay Prices By State: Did You Know Texas Prices Are $50 Higher Than Nebraska

Wed, 23 Mar 2011 09:02:41 GMT

U.S. hay prices down $1 from last month.

Soybean Meal (Hi Protein) Up In All Locations

Wed, 23 Mar 2011 09:02:21 GMT

Prices for Central Illinois, Chino Valley, Kansas City, Memphis, Minneapolis, Portland & St. Louis.

Wisconsin Hay Prices Up $9 In 4 Months

Wed, 23 Mar 2011 09:02:13 GMT

Wisconsin hay prices up $1 from last month. High this year: $105; Low This Year: $82.

Hay Prices: What State Has Bobcat & The Cheapest Hay Prices?

Wed, 23 Mar 2011 09:02:12 GMT

Find hay prices by U.S. & states. New Mexico has the highest prices at $146.

Feedstuff Prices For 27 Products

Wed, 23 Mar 2011 09:02:11 GMT

This report covers everything from cottonseed to meat and bone meal. Includes highs, lows, averages and charts.

The CattleBoard: Boxed Beef Slides To 27-Day Low, Choice/Select Spread Widens

CattleNetwork.com Staff — Wed, 23 Mar 2011 09:02:07 GMT

U.S. Exports: Grains & Beef

Wed, 23 Mar 2011 09:02:02 GMT

Beef sales down 4 weeks in a row; corn up.

Soybean Meal Prices: Memphis Down $20; Kansas City Down $18

Wed, 23 Mar 2011 09:01:53 GMT

Soybean meal prices down across the board.

The CattleBoard: Boxed Beef & Live Cattle Keep Going Up

CattleNetwork.com Staff — Wed, 23 Mar 2011 09:01:34 GMT

Soybean Meal Prices Down In Most Locations

Wed, 23 Mar 2011 09:01:07 GMT

Central Illinois down $5.80; St. Louis down $3.00.

Corn Exports Down 42 Percent This Week

Wed, 23 Mar 2011 08:59:16 GMT

Net sales of 649,700 MT for delivery in 2009/10 were down 42 percent from the previous week and 24 percent from the prior 4-week average. Increases were reported for Japan (314,700 MT, including 24,700 MT switched from unknown destinations and decreases of 40,200 MT), Egypt (105,700 MT, including 55,000 MT switched from unknown destinations), South Korea (60,100 MT), Venezuela (60,000 MT), Mexico (48,100 MT), Syria (20,800 MT, switched from Egypt), and the Dominican Republic (15,800 MT).

Commitment of Traders Grain

Wed, 23 Mar 2011 08:59:11 GMT

Corn, soybeans and wheat open interest decreased last week. Corn open interest has now decreased for three consecutive weeks.

Kansas Corn Prices Fall To 10 Month Low

Wed, 23 Mar 2011 08:59:05 GMT

Kansas corn prices fell to their 10 month low last month. The average 10 month Kansas corn price is 3.41.

Feedstuffs: Soybean Meal & Cottonseed Meal Prices Up Again This Week

Wed, 23 Mar 2011 08:58:56 GMT

Most regions are seeing higher soybean meal prices. Chino Valley, California had the biggest gain in prices seeing a 15.4 cent increase from the previous week. Cottonseed meal prices were up 5 cents in Kansas City and Memphis, but well below the yearly average prices for both locations.

Corn Exports Climb 35 Percent This Week

Wed, 23 Mar 2011 08:58:54 GMT

Net sales of 678,100 MT for delivery in 2009/10 were up 35 percent from the previous week, but down 19 percent from the prior 4-week average. Increases were reported for Japan (214,000 MT, including 81,800 MT switched from unknown destinations and decreases of 50,300 MT), Egypt (163,700 MT, including 60,000 MT switched from unknown destinations), China (125,200 MT), Mexico (68,800 MT), Syria (60,000 MT, including 57,000 MT switched from unknown destinations, Germany (60,000 MT), and Taiwan (57,200 MT).

Morning Farm Report: Corn & Soybeans Increase, Cows & Breakers Up

Wed, 23 Mar 2011 08:58:52 GMT

Live and feeder cattle futures closed lower on Thursday, while corn and soybean futures increased. Cows and breakers increased $1.25 and are just 25 cents below the yearly high.

Meat Board: Beef & Pork Up, Chicken Down

Wed, 23 Mar 2011 08:58:45 GMT

The pork carcass cutout was the biggest winner in the meats gaining $1.36 to $82.82, $3.71 above this year's average price. Boxed beef is up $0.96 to $155.10, chicken breast fell $3.13 to $161.04.

U.S. Retail Diesel Prices Decline For 4th Straight Week

Wed, 23 Mar 2011 08:58:45 GMT

The average U.S. retail diesel price dropped 0.004 to 2.899 last week. Last week's average diesel price still remain below this year's average price.

Feedstuffs: St. Louis Soybean Meal Prices Climb

Wed, 23 Mar 2011 08:58:44 GMT

Feed ingredient prices for the week ending July 20, were mixed. Soybean Meal was 15.30 lower to 16.00 higher. Cottonseed Meal was steady to 10.00 higher.

Beef Exports Are Smoking Hot

Wed, 23 Mar 2011 08:58:43 GMT

Net sales of 16,700 MT were up 54 percent from the previous week and 47 percent from the prior 4-week average. Increases were reported for South Korea (4,900 MT), Japan (4,700 MT), Mexico (3,500 MT), Canada (1,600 MT), and Taiwan (1,300 MT).

Corn Exports Down 9 Percent

Wed, 23 Mar 2011 08:58:43 GMT

Net sales of 614,100 MT for delivery in 2009/10 were down 9 percent from the previous week and 17 percent from the prior 4-week average.

Wheat Exports Up 24 Percent

Wed, 23 Mar 2011 08:58:42 GMT

Net sales 382,100 MT for the 2010/11 marketing year were up 24 percent from the previous week, but down 22 percent from the prior 4-week average.

Cold Storage: Total Red Meat Supplies Down 3 Percent

Wed, 23 Mar 2011 08:58:41 GMT

Frozen food stocks in refrigerated warehouses on June 30, 2010 were greater than year earlier levels for eggs, cheese and chicken.

Butter stocks were down 7 percent from last month and down 25 percent from a year ago.

Commitment Of Traders Grain

Wed, 23 Mar 2011 08:58:39 GMT

This week's commitment of traders report shows corn, soybeans and wheat open interest increasing. Corn open interest had the largest increase, gaining 60,530 contracts to 1,179.329 contracts.

Morning Farm Report: Lean Hogs & Live Cattle Down, Pork Cutout Up

Wed, 23 Mar 2011 08:58:37 GMT

Lean hogs, live and feeder cattle all suffered losses yesterday. Corn and wheat dropped 6 and 7 cents respectively.

Beef Export Sales Down 23 Percent

Wed, 23 Mar 2011 08:58:32 GMT

Net sales of 12,800 MT were down 23 percent from the previous week, but up 8 percent from the prior 4-week average.