June 30 USDA Reports Prove to be Major Market Movers

Two major market-moving reports were released today in the Quarterly Grain Stock Report and the Acreage report. There were no big surprises in the acreage report with respect to corn. Planted corn acres are estimated to be 91.64 million acres, … Continue reading

Cattle Market Notes: Week Ending Jun 27, 2014

Cash Cattle: Cash fed cattle were higher this week, with both live and dressed nearing previous record highs set back in late-March. The five-area weighted average steer price for the week ended Friday was $151.35, up $2.31 from the previous … Continue reading

Cattle Market Notes: Week Ending Jun 13, 2014

Cash Cattle: Cash fed cattle were higher this week. The five-area weighted average steer price for the week ended Friday was $149.37, up $4.24 from the previous Friday, and dressed steers averaged $236.38, up $4.54. Live cattle sold at $147 … Continue reading

A reduction in land prices stirs thoughts of a bursting bubble

A report by agrimoney.com show that farm land values have seen their first decline in nearly 5 years falling 1% in the first quarter of 2014.  The decline was triggered by a substantial drop in grain prices at the end … Continue reading

Few Surprises in June Supply and Demand Estimates

Wednesday’s World Agricultural Supply and Demand Estimates (WASDE) left both new and old-crop U.S. corn ending stocks unchanged from a month ago. U.S. new crop corn production is unchanged at 13.935 billion bushels despite an extremely favorable 75% of the … Continue reading

Cattle Market Notes: Jun 06, 2014

Cash Cattle: Cash fed cattle were down again this week. The five-area weighted average steer price for the week ended Friday was $145.13, up $0.97 from the previous Friday, and dressed steers averaged $231.84, up $1.08. Live cattle sold at … Continue reading

Crop Market Update: June 2, 2014

U.S. crop progress is ahead of a year ago and is close to being on pace with the 5-year average for most major crops. U.S. producers currently have 95% of the U.S. corn crop currently planted, slightly ahead of the … Continue reading

2014’s Fed Cattle Basis is VERY Strong

Note: This was first posted at the Livestock Marketing Information Center’s In the Cattle Markets newsletter. A quick look at prices in cattle and beef sectors reveals tremendous gains (the same can be written for hogs and pork). Just last … Continue reading

Cattle Market Notes: Week Ending May 30, 2014

Cash Cattle: Cash fed cattle were down again this week. The five-area weighted average steer price for the week ended Friday was $144.69, down $2.26 from the previous Friday, and dressed steers averaged $232.26, down $1.08. Live cattle sold at … Continue reading