“The Choice beef retail value for November was even more impressive as it was $6.06/lb., which represented more than a 17¢ increase from October and a 15¢ increase from one year ago. Log In At this point in the year, 63% (past 10-year average) of yearly cattle have been placed in feedlots by the end of July, indicating that, if this trend continues to develop, overall placements would come in nearly 900,000 head less than 2019 levels. By Tom Polansek CHICAGO, Nov 10 (Reuters) - U.S. feeder cattle futures ended lower on Tuesday after nearing a six-week high as soaring corn prices signaled that feed costs will increase. Although regional average prices were higher, based on the National Weekly Feeder and Stocker Cattle Summary, Andrew P. Griffith, agricultural economist at the University of Tennessee, expects seasonal price pressure to prevail. Taking a look at the current market price trend (red line) without perspective of what is going on in the market or historical data, one would think that the 24% rally in feeder cattle index prices over the past four months is impressive. Negotiated cash fed cattle trade continued to develop through Friday afternoon at no worse than steady money, according to USDA reports. Feeder Cattle futures closed an average of $3.06 higher week to week on Friday ($1.45 higher toward the back to $4.57 higher near the front). Bale grazing: An option for easier winter feeding, New Cowboy documentary offers levity during a stressful November, An election in limbo: Here’s what we think we know, Allowed HTML tags:

. Earlier in the week, live sales were steady in Kansas at $119. Given the significant decrease in plantings and the percentage of corn that has been planted late, corn price may continue to increase. © 2020 DTN, all rights reserved. or Alberta D2 cow prices traded $4.50/cwt lower with live trade reported from $65-80/cwt, while D3 cows averaged $61.50/cwt. herbicides, insecticides, nitrogen, and feeder cattle more than offset higher prices for feeder pigs, LP gas, diesel, and repairs. Historically, Feeder Cattle reached an all time high of 245.20 in October of 2014. Weekly price range of 600-700 lb feeder steers across the state of Oklahoma. Support included recently resurgent wholesale beef values. There is no indication that this will change, despite the active feeder cattle sales activity over the last few weeks and disrupted pattern of placements through the entire year. This is a situation that is worthy of beef cattle producers’ attention as it could provide sup-port or continue to weigh on the market.”, *Thursday-to Thursday for CME Feeder Index, (AMS National Weekly Feeder & Stocker Cattle Summary), Copyright 2017 Cattle Current | All Rights Reserved. Overall, yearling steers and heifers sold steady to $4 per cwt higher, according to the Agricultural Marketing Service (AMS). Feeder cattle prices have rallied significantly over the past four months and currently remain above year-ago ... overall placements would come in nearly 900,000 head less than 2019 levels. The slaughter cow volume was 11,800 head at the test auctions which was just a little higher than two weeks ago prior to that big storm in the Southern Plains. All prices per cwt. Price comparison: Northern Plains feeder cattle trends, Bale grazing: An option for easier winter feeding, New Cowboy documentary offers levity during a stressful November, An election in limbo: Here’s what we think we know, Allowed HTML tags:

. View Quotes. This category accounted for about 74 percent of cattle imports. Not all features of DTN / The Progressive Farmer may function as expected. U.S. imports of feeder cattle increased 2.8 percent in the January-August period this year. These prices are … The annual price forecast for feeder steers next year was unchanged at $141. Choice boxed beef cutout value was $2.48 higher week to week on Friday at $218.04 per cwt. The expectation could be for retail value of beef to continue escalating given that wholesale beef prices in November were 7.7% percent higher than the previous month. © (c) Copyright 2020 DTN, LLC. lower last week, according to the Agricultural Marketing Service (AMS). (Reporting by Tom Polansek in Chicago; Editing by Richard Chang), © Copyright Thomson Reuters 2020. Live Cattle futures closed an average of $1.94 higher week to week on Friday ($1.42 to $2.85 higher). Ed Czerwien talks about feeder cattle prices in this week's Cattle Market Wrap-up. And that was with being down an average of $1.10 in the last two sessions. For next year, the average fed steer price is projected $2 higher at $122 in the first-quarter; $1 higher in the second quarter at $118; $1 lower in the third quarter at $112. Informa Markets, a trading division of Informa PLC. The market is unlikely to find significant support until December or after the first of the year,” Griffith says in his weekly market comments. Chicago Mercantile Exchange January feeder cattle futures slipped 0.325 cent to 140.400 cents per pound. Live cattle futures finished near unchanged after setting a fresh four-week high, and lean hog futures weakened. They’re wide and heavy enough to stand up without falling over, though... read more. 8-32 characters, include one number (0-9) and one letter (a-z), By clicking Create Account, you agree to our, Save DTNPF to your home screen: Tap on the arrow and then select, Oil Futures Mixed as Product Demand Counters Crude Build, EIA: Ethanol Stocks at 10-Week High on Rising Production, Previous Post (What to Do While Waiting for the Fall Run), Next Post (The Need for Something Positive), Increase yields and savings with precision weather. Beef Magazine is part of the Informa Markets Division of Informa PLC. The July, September and December 2019 CME corn futures market contracts have increased an average of $0.59 since May 1. Calves traded from $3 lower to $4 higher. Preg check cows before or after cornstalk grazing? It is difficult to fathom that a deal with China will result in a lot of U.S. beef going to China, but it could help clear some pork and poultry stocks which would pull down some of the meat protein stocks. That facility never shut down completely and is expected to be back up to speed by early in the coming week. “Many producers that hold onto cattle into December generally hold them until the beginning of the next year since there is generally a bump in prices and for tax reasons,” Griffith explains, in his weekly market comments. Next year’s annual average price was … Feeder Cattle decreased 7.45 USd/Lbs or 5.15% since the beginning of 2020, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. “However, some of these feeder cattle will likely need to be moved off grass and into the feedlots in fourth-quarter 2019, keeping feeder prices under pressure.”. Choice 2-3 1235-1465 lbs 97.00-107.00. This will continue to add underlying pressure to the industry, as current supply levels and concerns that beef supplies will outpace demand through the end of the year may keep feeder cattle prices well-below the longer-term market trend. “What makes strong receipts even more puzzling is that soft prices continue to dominate the market. Choose between 1, 2, 3 or 4 columns, set the background color, widget divider color, activate transparency, a top border or fully disable it on desktop and mobile. “The all fresh beef retail value registered at $5.82/lb. Live prices in the Southern Plains were steady to $1 lower at $108 per cwt. Although feeder cattle prices are much better than they have been, the fact that they are significantly below where they could, or potentially should be, will continue to add volatility and uncertainty through the cattle market as fall sales increase within the coming weeks.

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