November Cattle on Feed Report Summary


USDA’s National Agricultural Statistics Service released their monthly Cattle on Feed report Friday (Nov 22). The report revealed that 10.607 million head of cattle were in feedlots with a capacity of 1,000 head or more on November 1, 2013. This is a 5.7% decline from the same time last year and a 6.5% decline from the average over 2008 to 2012. Market analysts were expecting a 6.0% drop, so the reported value was very much in-line with this expectation. This marks the second lowest on feed number since the current version of this data series began in 1996 (with 1996 being the lowest). Continue reading “November Cattle on Feed Report Summary”

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Cattle Market Notes: Week Ending Nov. 22, 2013


Cash Cattle:

Cash cattle were mostly steady once again this week. The five-area live and dressed steer price finished the week at $130.45 and $206.45, respectively down $0.40 and up $1.45. Live cattle sales in the Texas Panhandle was called at $131 on Thursday. Kansas live trade registered $130 late in the week. In Nebraska, live and dressed cattle, respectively, sold at $130-$131.50 and $207. In the Western Cornbelt live cattle trade was reported at $130 and dressed cattle sold at $207. Continue reading “Cattle Market Notes: Week Ending Nov. 22, 2013”

Livestock Price and Production Tables: Week Ending Nov. 22, 2013


Mississippi Auction Markets

Weight

Steers

Heifers

300-350

$210

$235

$185

$205

350-400

$200

$210

$175

$185

400-450

$190

$210

$160

$180

450-500

$180

$190

$160

$180

500-550

$170

$180

$140

$160

550-600

$155

$170

$140

$160

600-650

$145

$159

$135

$145

650-700

$145

$159

$125

$135

700-750

$130

$150

$122

$130

750-800

$130

$150

$122

$130

Slaughter Cows, Bulls, and Replacements

Boning (80-85% lean)

$72

$80

Boning (high-yielding)

$80

$88

Lean

$64

$72

Bulls, YG 1-2, <1,500 lbs

$80

$92

Bulls, YG 1-2, >1,500 lbs

$90

$102

Sm/Mdm Cow-Calf Pairs

$1,300

$1,700

Mdm/Lg Cow-Calf Pairs

$1,100

$1,400

Sm/Mdm Replacements

$1,000

$1,500

Mdm/Lg Replacements

$750

$1,200

Volume1 (head):

vs Last Week

vs Last Year

under 600 lbs

-6.6%

36.3%

over 600 lbs

4.2%

23.8%

Slaughter Cows

-3.0%

60.3%

Rep. Females

-5.4%

29.0%

Note: Steer and heifer prices are for medium and large frame, numbers 1-2.
1- Four Week Rolling Average
Source: USDA Agricultural Marketing Service

Continue reading “Livestock Price and Production Tables: Week Ending Nov. 22, 2013”

Cattle Market Notes: Week Ending Nov. 15, 2013


Cash Cattle:

Cash cattle were mostly steady this week. The five-area live and dressed steer price finished the week at $130.85 and $205, respectively, down $0.10 and $1.04. Trading in the Southern Plains was called at $132. In Nebraska, live and dressed cattle, respectively, sold at $131-$132 and $206-$207. In the Western Cornbelt live cattle trade was reported at $129-$130 and dressed cattle sold at $206-$207. Continue reading “Cattle Market Notes: Week Ending Nov. 15, 2013”

Livestock Price and Production Tables: Week Ending Nov 15, 2013


** Please note a few subtle changes with the table formats. Some prices have moved for easier viewing. **

Mississippi Auction Markets

Weight

Steers

Heifers

300-350

$210

$235

$190

$200

350-400

$200

$210

$170

$190

400-450

$190

$200

$160

$175

450-500

$175

$190

$150

$160

500-550

$160

$175

$140

$150

550-600

$160

$175

$140

$150

600-650

$146

$160

$128

$143

650-700

$146

$160

$128

$143

700-750

$122

$135

$120

$128

750-800

$122

$135

$110

$120

Slaughter Cows, Bulls, and Replacements

Boning (80-85% lean)

$70

$78
Boning (high-yielding)

$78

$84
Lean

$64

$69
Bulls, YG 1-2, <1,500 lbs

$79

$90
Bulls, YG 1-2, >1,500 lbs

$87

$102
Sm/Mdm Cow-Calf Pairs

$1,300

$1,800
Mdm/Lg Cow-Calf Pairs

$800

$1,300
Sm/Mdm Replacements

$1,000

$1,500
Mdm/Lg Replacements

$700

$1,000
Volume1 (head):

vs Last Week

vs Last Year

under 600 lbs

-1.5%

10.1%

over 600 lbs

-6.1%

-10.2%

Slaughter Cows

-1.7%

27.5%

Rep. Females

1.0%

15.7%

Note: Steer and heifer prices are for medium and large frame, numbers 1-2.
1- Four Week Rolling Average
Source: USDA Agricultural Marketing Service

Continue reading “Livestock Price and Production Tables: Week Ending Nov 15, 2013”

November Crop Supply and Demand Estimates


The reports we have been waiting for over a month (World Agricultural Supply and Demand Estimates report and Crop Production) were finally released mid-day Friday and brought about a few surprises. Projected 2013 soybean production in the U.S. was revised higher from September’s 3.03 billion bushels to 3.26 billion bushels, slightly higher than pre-report estimates of 3.22 billion bushels. The U.S. corn production estimate was revised up to 13.99 billion bushels this month compared to 13.84 in September, but lower than pre-report expectations of 14.03. Corn yield was estimated to be 160.4 bu/acre versus 155.3 reported in September and 159.2 expected. Continue reading “November Crop Supply and Demand Estimates”

Cattle Market Notes: Week Ending Nov. 08, 2013


Cash Cattle:

Cash cattle were lower this week. The five-area live and dressed steer price finished the week at $130.95 and $206.04, respectively, down $1.24 and $3.03. Trading in the Southern Plains was called at $131. In Nebraska, live cattle sold at $131-$132 and there were not enough sales in the Western Cornbelt to make a call. Continue reading “Cattle Market Notes: Week Ending Nov. 08, 2013”