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Industry Headlines

Industry Headlines

Cattle Trade: Live sales up $3 to $9 at $127

On Friday afternoon, trading is light in Southern Plains on light demand. Compared to last week, live sales are 3.00 to 9.00 higher at 127.00.

Industry Headlines

Livestock Comments: Support for feeder prices exist

Fed cattle traded $6 to $10 higher on a live basis compared to a week ago. Live prices were mainly $126 to $127 while dressed trade was not well established. The 5-area weighted average prices thru Thursday were $118.52 live, down $0.09 from last week and $190.00 dressed, up $2.49 from a week ago. A year ago prices were $163.54 live and $257.79 dressed.

Industry Headlines

Feeder Cattle Review: Cattle futures rocketed

Compared to last week, yearling feeder cattle started the week mostly 5.00 lower on a light test with calves trading 5.00-15.00 lower, then on Tuesday the Live and Feeder Cattle futures closed with limit gains that turned the week around. Cattle futures then rocketed higher again on Wednesday and Thursday; it seems one extreme move one way can have extreme moves the other way as from mid- week on yearlings moved mostly 3.00-10.00 higher and calves traded firm to 5.00 higher, instances 10.00 higher.

Industry Headlines

Corn Balance Sheet: Production projected 30 million bushels lower

Projected 2015/16 U.S. feed grain production is down slightly this month with a small reduction for corn partly offset by increases for barley and oats. Corn production is forecast 30 million bushels lower with harvested area lowered 437,000 acres.

Industry Headlines

Cumulative beef production only down 3.7% from last year

Total beef production under Federal inspection for the week ending Saturday, October 10th, 2015 was estimated at 471.9 million lbs. according to the U.S. Department of Agriculture's Marketing Service.

Industry Headlines

USDA Corn Report: Record number of ears

The October 1 corn objective yield data indicate the highest number of ears on record for the combined 10 objective yield States (Illinois, Indiana, Iowa, Kansas, Minnesota, Missouri, Nebraska, Ohio, South Dakota, and Wisconsin).


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