Menu
Forums
New posts
Search forums
What's new
New posts
New media
New media comments
New profile posts
Latest activity
Media
New media
New comments
Search media
Members
Current visitors
New profile posts
Search profile posts
Log in
Register
What's new
Search
Search
Search titles and first posts only
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Forums
Non-Cattle Specific Topics
Coffee Shop
What happens next?
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Help Support CattleToday:
Message
<blockquote data-quote="kenny thomas" data-source="post: 835744" data-attributes="member: 8993"><p>From agcenter.com</p><p></p><p>May 19 , 2011 </p><p></p><p>MARKET REPORT AND ANALYSIS </p><p></p><p>A gloomy demand picture for pork and beef sent the markets reeling. The magnitude of the drop will allow beef packers an opportunity to restore lost margins but lower prices will add to cattle owners woes that are magnified by sharply rising feed costs. Kansas and Texas sold cattle at $108 - four dollars under last week. In the north cattle sold for $175 in the beef -$7 under last week. </p><p></p><p>April placements are going to be a big number over prior year. The result will also present on feed numbers that likewise show large increases over last year. This situation will change as short supplies of feeder cattle show placements into feedyards this month. There will tend to be bunching of fed cattle late summer then a sharply diminished supply of fed cattle the balance of the year.</p><p></p><p>Box prices were mixed in trading with choice losing ground and select gaining. The choice cuts were quoted down $1 at $177 with select at $172. The choice/select spread is widening. </p><p></p><p>Feeder prices fell with the news of crashing live cattle and higher corn. The severe drought in Texas will create abnormalities in the placement patterns as witnessed by the April placement number. Current prices for a 750# steer on the southern plains is $127. </p><p></p><p> </p><p></p><p>Corn moved sharply higher this week to well over $7.50 in the July contract. Feedlots are once again pressured into raising feed prices and watching as both the futures and basis are moving higher. Corn is being offered currently at 40 cents over July corn. Corn is now pricing into most rations at $13.50 cwt..</p></blockquote><p></p>
[QUOTE="kenny thomas, post: 835744, member: 8993"] From agcenter.com May 19 , 2011 MARKET REPORT AND ANALYSIS A gloomy demand picture for pork and beef sent the markets reeling. The magnitude of the drop will allow beef packers an opportunity to restore lost margins but lower prices will add to cattle owners woes that are magnified by sharply rising feed costs. Kansas and Texas sold cattle at $108 - four dollars under last week. In the north cattle sold for $175 in the beef -$7 under last week. April placements are going to be a big number over prior year. The result will also present on feed numbers that likewise show large increases over last year. This situation will change as short supplies of feeder cattle show placements into feedyards this month. There will tend to be bunching of fed cattle late summer then a sharply diminished supply of fed cattle the balance of the year. Box prices were mixed in trading with choice losing ground and select gaining. The choice cuts were quoted down $1 at $177 with select at $172. The choice/select spread is widening. Feeder prices fell with the news of crashing live cattle and higher corn. The severe drought in Texas will create abnormalities in the placement patterns as witnessed by the April placement number. Current prices for a 750# steer on the southern plains is $127. Corn moved sharply higher this week to well over $7.50 in the July contract. Feedlots are once again pressured into raising feed prices and watching as both the futures and basis are moving higher. Corn is being offered currently at 40 cents over July corn. Corn is now pricing into most rations at $13.50 cwt.. [/QUOTE]
Insert quotes…
Verification
Post reply
Forums
Non-Cattle Specific Topics
Coffee Shop
What happens next?
Top