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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The beef production outlook is noticeably raised from last month. Third- and fourth-quarter 2024 production is forecast higher from last month, raising the annual forecast to 27.000 billion pounds, just above 2023 production. This is based on a faster...
Source: CIH
Cattle futures prices were steady to higher over the first half of October while the corn market sold off. A recent compression in packer margins has led to a decline in fed cattle slaughter recently which in turn...
Cattle and beef markets started the fourth quarter with some considerable price optimism. Live cattle futures and feeder cattle futures rallied to close to levels seen prior to the second price break in August. We are still some distance...
