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Industry Headlines

Industry Headlines

Canada Cattle Report: U.S. packer interest improving

Both local packers were active on the cash market last week. Dressed sales were reported from $306.00-308.00/cwt delivered which is $2.00-4.00 lower than the previous week. Weighted average steer prices closed the week at $183.12/cwt, the lowest price seen this year. US packer interest was noted but bids fell short of getting cattle bought. Depending on dressing percent and freight US bids were working back in the upper $170’s to low $180’s.

Industry Headlines

Cattle Trade: Live sales $2 higher

Today's Reported Sales Volume:     10,000
Today's Estimated Sales Volume:    23,000

Trading and demand is moderate in Kansas Friday afternoon. Compared to last week, live sales are 2.00 higher at 147.00. Trading is light in Nebraska on moderate demand. Compared to last week, early live and dressed sales are 2.00 higher at 147.00-148.00 live, and 234.00 dressed. Dressed sales in Iowa have traded 1.00 to 2.00 higher than last week at 234.00.

Industry Headlines

U.S. Beef Exports at 10-week low

Net sales of 6,200 MT for 2015 were down 39 percent from the previous week and 46 percent from the prior 4-week average.  Increases were reported for Japan (2,000 MT), Canada (1,200 MT), Mexico (800 MT), Hong Kong (600 MT), and South Korea (500 MT). 

Exports of 11,700 MT were down 8 percent from the previous week, but unchanged from the prior 4-week average.  The primary destinations were Japan (4,100 MT), South Korea (2,400 MT), Mexico (1,500 MT), Canada (1,400 MT), and Hong Kong (900 MT).
 

Industry Headlines

Open Interest Up After Hitting Yearly Low

Open interest in live cattle increased this week by 2,708 contracts to 238,026.  Last week was the lowest level for open interest for cattle in 2015. 

The average for open interest in live cattle in 2015 is 267,254 contracts.  The high for open interest in live cattle in 2015 is 314,748 contracts.

 

Industry Headlines

Choices Given Low Projected Grain Farm Net Income in 2015

Net incomes on Midwest grain farms are likely to be low in 2015, potentially lower than levels experienced from 1998 to 2002, the last time commodity prices fell after a period of higher prices. Currently, most farms have strong financial positions, built as a result of higher incomes between 2006 and 2013. This financial strength presents many farmers with options in dealing with low incomes.

Industry Headlines

Access to China key factor in maintaining meat export growth

The U.S. red meat industry has achieved outstanding export growth in recent years, enhancing profitability for all members of the supply chain. In 2014, both beef exports ($7.13 billion) and pork exports ($6.67 billion) shattered previous records for export value. Beef exports have steadily increased in value in each of the 11 years since global markets began to reopen after the first U.S. case of BSE. For pork, export value has increased in 15 of the past 20 years.

Industry Headlines

I’m a Drover: Talkin’ with Doc

Music starts and the dark screen transitions to a salt-and-pepper-haired man in a purple button-down shirt sitting in front of a tin-barn studio backdrop. “Hi, folks, it’s Dr. Dan from Doc Talk here today, and I’m sure glad you joined us,” he says with a smile and a slight twinge of a Midwestern drawl. “Today we’re going to be talking about something that is very common in the beef industry. Stay tuned, we’re going to have a great show.”

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