Cattle Market Notes: Week Ending Oct 18, 2013


Well, employees returned this week and therefore everything is back and running normally, well for the most part following a 16 day hiatus. Data will not be back reported for the time of the shutdown and remaining October reports are questionable as to whether or not they will be released.

Cash Cattle:

Trading in the Southern Plains on Wednesday saw live sales at $129. Thursday, in Nebraska, live and dressed cattle sold at $129-$131 and $204, respectively. Similarly, in the Western Cornbelt, live and dressed were at $129 and $204.

Feeders in Mississippi this week ranged from $140-$160 and $130-$143, respectively for 600 to 700 pound steers and heifers. Calves were $165-$190 and $147-$160, respectively for 400 to 500 pound steers and heifers. Not surprisingly, compared to three weeks ago calves were much higher (approximately $8-$15 for steers and $3-$10 for heifers) while heavier calves were up about $10. Continue reading “Cattle Market Notes: Week Ending Oct 18, 2013”

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Crop Market Update – Sept 20, 2013


Cereal Grains & Soybeans (by: Brian Williams)

The September prevented planting acreage report was released by the FSA earlier this week. While the report did not contain many surprises with only minor changes from last month’s report, it does indicate that next month we may see some changes in the WASDE report. The FSA currently estimates that there were 3.57 million prevented corn acres and a total of 91.4 million planted acres. This is much less than the WASDE’s estimate of 97.4 million planted acres. Corn harvest is underway in several areas of the country with about 4% of the U.S. crop now out of the field. Continue reading “Crop Market Update – Sept 20, 2013”

Crop Market Update – Aug 16, 2013


Cereal Grains & Soybeans (by: Brian Williams)

Two bullish reports this week have helped boost prices for corn and soybeans. While many analysts were expecting an increase in corn production in this month’s World Agricultural Supply and Demand Estimates (WASDE), USDA revised yields and production downward. In addition, the Farm Service Agency released their first estimate of planted acres on Thursday. According to FSA’s estimates, planted acres are at 88.5 million acres, about 600,000 acres less than the estimated harvested acres in the WASDE report. Soybean yields were revised downward in the August WASDE report, as were planted acres. Both were well below analysts’ expectations prior to the report. The FSA reported nearly 1.6 million prevented acres for the soybean crop and planted acres are estimated to be slightly over 72 million acres, well below the 76.4 million harvested acres in the WASDE report. There were no big surprises concerning the wheat crop. With much of the harvest in already, acreage remained unchanged in the WASDE report and the only revision was a 25 million bushel increase in exports. Continue reading “Crop Market Update – Aug 16, 2013”

Cattle Market Podcast Is Back!


I am pleased to announce that the cattle market update podcast has returned. Each Monday Brian and I will take a few minutes to recap the events of the prior week and provide a little bit of insight of what the week ahead may have in store. To access these audio recordings on your computer visit this link (here). You can listen directly from the website or save it for later by right clicking “Strem/Download” and select your desired location. To access the recording on your smartphone or music player, use those same directions or for iTunes users subscribe to our podcast (here).

If you have any questions or would like to provide your feedback leave a comment below or email me at jmr26@msstate.edu.

Cattle Market Notes: Week Ending Oct 26, 2012


Cash Cattle:

Fed cattle prices continue to drift higher. This week prices improved another $2/cwt for live and about $4/cwt for dressed. In the Southern Plains live cattle sold at $127/cwt. In Nebraska, live and dressed cattle traded at $126-$128/cwt and $197-$198/cwt, respectively. Iowa and Minnesota cattle sold at $125-$126/cwt and $198/cwt, respectively, for live and dressed. In Oklahoma City, feeder steers and heifers were steady to $1-$3/cwt higher, steer calves were $2-$6/cwt higher and  heifer calves were steady. Feeder steers and heifers were steady in Mississippi auctions this week, while slaughter cows and bulls were mixed. Continue reading “Cattle Market Notes: Week Ending Oct 26, 2012”

Cattle Market Notes: Week Ending Oct 12, 2012


Cash Cattle:

Fed cattle were higher again this week. In the Southern Plains live cattle sold at $125-$126/cwt. In Nebraska and Colorado, live and dressed cattle traded at $125/cwt and $193/cwt, respectively. Iowa and Minnesota live cattle sold at $122/cwt and at $192-$193/cwt for dressed. In Oklahoma City, feeder steers were steady to $1/cwt higher, feeder heifers were $1-$3/cwt higher, steer calves were $4-$12/cwt higher, and heifer calves were steady to $3/cw higher. Feeder steers and heifers were $1-$2/cwt higher in Mississippi auctions this week, while slaughter cows and bulls were steady. Continue reading “Cattle Market Notes: Week Ending Oct 12, 2012”

Livestock Price and Production Tables: Week Ending Oct 5, 2012


[Sorry for my brief hiatus. It’s been a busy couple of weeks!]

Mississippi Auction Markets
Weight Steers Heifers Slaughter Cows, Bulls, and Replacements
300-350 $185 $200 $165 $185 Boning (80-85% lean) $72 $80
350-400 $165 $185 $150 $165 Boning (high-yielding) $80 $85
400-450 $150 $162 $140 $150 Lean $64 $72
450-500 $144 $150 $129 $140 Bulls, YG 1-2, <1,500 lbs $80 $88
500-550 $140 $148 $118 $130 Bulls, YG 1-2, >1,500 lbs $86 $99
550-600 $128 $140 $118 $130  
600-650 $125 $135 $115 $124 Sm/Mdm Cow-Calf Pairs $900 $1,350
650-700 $125 $135 $115 $124 Mdm/Lg Cow-Calf Pairs $800 $1,050
700-750 $118 $130 $105 $113 Sm/Mdm Replacements $900 $1,300
750-800 $118 $130 $105 $113 Mdm/Lg Replacements $700 $1,100
Volume1 (head): vs Last Week vs Last Year  
under 600 lbs -3.0% 5.1%
over 600 lbs -10.3% 7.5%
Slaughter Cows 0.5% -9.3%
Rep. Females -5.8% -38.8%
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 Oct 5, 2012”