USDA’s carcass weight data showed weights averaged a record-high 940 lbs. In the 3 front months, Live Cattle futures closed the week from 2.32 to 3.82 lower. 10-Day Index Trendline Change from Previous Day: +2.50% Change from 10 Days Ago: -5.43 % 6 0-Day Index Trendline Change from 60 Days Ago: -32.17% Change from 60 Day High: -35.08%įed Cattle: Trade in the South and North was 4.00 lower at 171.00. Each daily value is the weighted total of the Gain/(Loss) for 15 market factors compared to the previous trading day. Cattle/Beef Market Velocity Trendlines +/- Indexes track the daily market values for the past 10 & 60 days. The dressed beef cutouts were lower with corn higher. Live cattle futures were lower with feeder cattle futures mixed. Feeder cattle and stocker calves were about 4.00 and 1.00 lower, respectively. View Complete Summary įor the week, fed cattle in the Southern and Northern regions were 4.00 lower. DecemA look at the week’s prices, trends, and news for the cattle/beef complex. This form is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.Weekly Market Summary. Spam protection has stopped this request. Posted by Smith at 5:01am February 12, 2019 And I have concerns about expanding showlists and slaughter weights with potential delayed marketings and longer feeding periods through this winter. The solid domestic demand and demand due to international trade in protein is, for me, much less of a given this year. We are starting the year expecting big supplies of beef through the summer and it will take surprise good news to optimism. ![]() But the situation is reasonably similar to last year. The lack of a USDA NASS Cattle of Feed report for January is a problem. The current feeder cattle cash and futures prices and the deferred live cattle futures prices suggest strong concerns about the coming summer. Thus, the weak cash feeder cattle prices. June is trading for a full $10/cwt less and August is another $3.50/cwt lower. The deferred contracts show a substantial discount. February and April are both better than $127. The two nearby futures contracts show the strongest market prices for the year. This is about $10/cwt lower than last year. 700-800 pound animals are trading around the $140 price level. ![]() 500-600 pound steers are trading $160-$170 in the southern plains – and the strength has been only during this last week. Regardless, beef and slaughter prices are holding strong through this first two-month window into the year.įeeder cattle and the both live and feeder futures offer some warnings as to likely spring and summer events. ![]() The wet winter weather in enter cattle feeding region, from the upper Midwest and all the way south through the southern plains will hold weights down and likely create some variability in finishing times. FI slaughter is up better than 5% compared to last year when slaughter weights appear to off almost a percentage point. The cutout value is currently close to $217 and was $209 last year – this is 4% stronger. Fed cattle prices are about $124 with last year being close to $126 at this time – this is about 2% weaker. Koontz, Department of Agricultural and Resource Economics – Colorado State Universityįed cattle and boxed beef cutout values entered 2019 and have stayed at levels similar to or better than last year.
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