Heavy summer discount on live cattle futures...
http://beefmarketcentral.com/story-livestock-comments-dr-andrew-griffith-204-120112
http://beefmarketcentral.com/story-livestock-comments-dr-andrew-griffith-204-120112
jltrent said:Add a little drought, as we are due, and higher corn prices and it may not be a good year for wealth building in the cattle business.
kenny thomas said:Feeder market up around $3.00 this week. Anyone got an idea why?
Compared to last week feeder steers were 3.00-5.00 lower, and feeder heifers mostly
steady to 4.00 lower with demand moderate at best. Slaughter cows were unevenly
steady for the week, while slaughter bulls were mostly steady overall. Receipts at
the end of the week were light due to the cold front and winter weather in the
region.
sstterry said:kenny thomas said:Feeder market up around $3.00 this week. Anyone got an idea why?
I hope they are going up, but here is the report from Tennessee as of Jan. 22
Compared to last week feeder steers were 3.00-5.00 lower, and feeder heifers mostly
steady to 4.00 lower with demand moderate at best. Slaughter cows were unevenly
steady for the week, while slaughter bulls were mostly steady overall. Receipts at
the end of the week were light due to the cold front and winter weather in the
region.
kenny thomas said:Feeder market up around $3.00 this week. Anyone got an idea why?
The wet and cold pen conditions have cattle feeders on edge because it is negatively impacting feed efficiency and average daily gain. However, the same conditions could be one factor contributing to strong finished cattle prices as slaughter weights are sure to be declining due to the unfavorable conditions. The conditions will eventually improve, but winter does not appear to be coming to an end anytime soon. This may continue to provide support for cattle prices in the near term, but industry participants should not be surprised if prices falter before the spring market provides support.