Not Good News for the Summer Market

[sstterry]

Heavy summer discount on live cattle futures...

http://beefmarketcentral.com/story-livestock-comments-dr-andrew-griffith-204-120112

 

[jltrent]

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]

August and September feeder futures are 8 cents higher than now. That should help the calf market later in the summer if it holds.

 

[Dave]

One talking head's opinion. As he is talking about the feeder market being down there it was up 10 cents here last week. Live cattle are off in the summer. That is not unusual. April is normally the peak of the fat cattle market for the year.

 

[ddd75]

sell them all, buy goats for the 100k muslims coming in every week

 

[skyhightree1]

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.

Im glad I only got 11 pets to deal with

 

[kenny thomas]

Feeder market up around $3.00 this week. Anyone got an idea why?

 

[sstterry]

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]

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.

Yes, sales aren't doing any good at all compared to futures market.

 

[sstterry]

Feeder market up around $3.00 this week. Anyone got an idea why?

Here is what a UT livestock economist says about the slight bump in prices:

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.