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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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For those interested I hold a weekly livestock webinar on Tuesdays and my next webinar...
Walsh Trading Daily Insights
Commentary
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For those interested I hold a weekly livestock webinar on Tuesdays and...
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...
Source: CoBank news release
U.S. farmers are harvesting a record-large soybean crop and the third-largest corn crop on top of large carryover stocks from the previous marketing year. The ample harvests coincide with a host of export headwinds including a...
