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Feeder cattle futures prices rallied in September and October to offset much of the decline that occurred in August. The January 2025 contract dropped roughly $25 per CWT from mid-July to mid-August. Since early September, the price of the January...
For the week ending November 1, negotiated cash cattle prices rose by $0.25 per cwt, with feedlot margins declining by $67 to an industry average of $129.04 per head, as reported by the Sterling Beef Profit Tracker. Beef packers’...
Several factors may explain why cattle markets have not reached new record highs recently. From January through August, beef imports increased by 20.87% (523.7 million pounds), with South American suppliers, particularly Brazil, finding it economically viable to pay U.S....
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Cull Cattle
In the Québec market, cull cattle prices experienced a mix of slight declines and some gains across different regions and cattle types. The average prices for dairy types generally decreased slightly across regions, while beef types saw modest...
Largely in line with expectations, Friday’s Cattle-on-Feed report estimated October 1 feedlot inventories virtually unchanged from last year. On-feed numbers continue to run very close to 2023 levels despite the fact that the cowherd and calf crop are smaller....
Will strong feeder heifer prices tempt producers to keep sending more heifers to feedlots rather than retain them for replacements (Figure 1)? Will they be able to buy replacements back? And, at what price? Would producers be better off...
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Walsh Trading Daily Insights
Commentary
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