Cattle Market Notes: Week Ending July 29, 2016

Cash Cattle: Cash traded fed cattle were mixed this week. The five-area fed steer price for the week of July 21-July 28 averaged $118.00 for live sales, and $184.09 for dressed; respectively, up $3.35 and down $0.74. Total volume sold … Continue reading

Crop Market Update: July 26, 2016

Corn is down this week with Greenville cash corn currently trading $0.17 lower than a week ago and $0.58 lower than a year ago at $3.45/bu on Friday. September futures contracts are $0.17 lower on the week at $3.35/bu. Mississippi … Continue reading

Cattle Market Notes: Week Ending July 22, 2016

Cash Cattle: Cash traded fed cattle were lower this week. The five-area fed steer price for the week of July 14-July 21 averaged $114.65 for live sales, and $184.83 for dressed; respectively, down $2.35 and $2.59. Total volume sold was … Continue reading

July Cattle on Feed Report Recap

The United States Department of Agriculture’s National Agricultural Statistics Service (USDA, NASS) released their monthly Cattle on Feed report Friday afternoon (July 22, 2016). The report revealed that 10.356 million head of cattle were in U.S. feedlots with a capacity of 1,000 … Continue reading

Cattle Market Notes: Week Ending July 15, 2016

Cash Cattle: Cash traded fed cattle were lower this week. The five-area fed steer price for the week of July 7-July 14 averaged $117.00 for live sales, and $187.42 for dressed; respectively, down $3.38 and $3.24. Total volume sold was … Continue reading

Will farm programs be cut even before the next farm bill starts?

I had the privilege of serving as a chief economist for the U.S. Senate Committee on Agriculture, Nutrition, and Forestry during the last farm bill debate.  The cost of legislation was paramount with the mandated goal of reducing the Congressional … Continue reading

Cattle Market Notes: Week Ending July 1, 2016

Cash Cattle: Cash traded fed cattle were higher this week. The five-area fed steer price for the week of June 23-June 30 averaged $122.48 for live sales, and $195.94 for dressed; respectively, up $6.39 and $8.12. Total volume sold was down 10,000 head from … Continue reading