Weekly Cattle Market Overview for Week Ending 2/23/24
Cattle/Beef Prices
Weekly Cattle Market Overview for Week Ending 2/23/24

For the week, all classes of cattle were higher, as were live cattle and feeder cattle futures.

Sat February 24 2024

United States Cattle on Feed Up Slightly
Cattle on Feed
United States Cattle on Feed Up Slightly

Placements down 7% and Marketings down slightly.

Fri February 23 2024

Beef x Holstein Steers vs. Holstein Steers Performance in the Feedlot
Beef x Holstein Steers
Beef x Holstein Steers vs. Holstein Steers Performance in the Feedlot

Carcass revenue was greater for Beef x Holstein ($1,836/carcass) when compared with Holstein steers ($1,800/carcass).

Fri February 23 2024

Weekly Cattle Market Sentiment: Uncertainty
Bullish/Bearish Consensus
Weekly Cattle Market Sentiment: Uncertainty

The theory behind the "Bullish/Bearish Indicator" is when the public reaches a consensus, they are usually wrong.

Fri February 23 2024

Lonesome Lands: How Politicians are Creating a Powerless Population in Agriculture
Carbon Credits for Cattle
Lonesome Lands: How Politicians are Creating a Powerless Population in Agriculture

The real key to stopping this in the cattle industry, is stopping the enforcement of mandatory Electronic ID tags in cattle.

Thu February 22 2024

February USDA Livestock Slaughter Report
Livestock Slaughter
February USDA Livestock Slaughter Report

Commercial red meat production up slightly; Beef production down 2%

Thu February 22 2024

U.S. Economy Grew Steadily in February
Economy
U.S. Economy Grew Steadily in February

Industrial side of the economy posts fastest growth in 17 months.

Thu February 22 2024

15% of U.S. Cattle are in Drought Areas... Up 1% from Last Week
DROUGHT
15% of U.S. Cattle are in Drought Areas... Up 1% from Last Week

19.82% of the Lower 48 States are in Drought compared to 19.46% Last Week

Thu February 22 2024

Feeder & Stocker Cattle Marketings for the week ending 2/17/24
Feeder & Stocker Cattle Marketings
Feeder & Stocker Cattle Marketings for the week ending 2/17/24

Last week's Feeder & Stocker Cattle Marketings were 20.0% higher than the 3 Year Average.

Tue February 20 2024

Estimates for Friday's Cattle on Feed Report
Cattle on Feed
Estimates for Friday's Cattle on Feed Report

Estimates indicate the number of Cattle on Feed will be slightly higher with Placements sharply lower.

Tue February 20 2024

Bearish USDA Long-Term Projections… 2024 thru 2033
Beef Cattle Prices
Bearish USDA Long-Term Projections… 2024 thru 2033

As inventories and slaughter weights climb, commercial beef production grows by 11.3 percent over the projection period with cattle prices declining by 20 percent or more.

Tue February 20 2024

A Decade-Long Carbon-Neutral Experiment in Australia Fails
Carbon-Neutral Production
A Decade-Long Carbon-Neutral Experiment in Australia Fails

The issue is that while individual farms can be exemplary, carbon neutral farming on the scale that meat is currently demanded, is simply unworkable.

Mon February 19 2024

The Reality of Cattle Consuming Snow as a Water Resource
Beef Cattle
The Reality of Cattle Consuming Snow as a Water Resource

The short answer is yes, assuming adequate quantity and quality, snow can help offset the consumption of regular water; however, snow shouldn’t be relied on as the sole water source. 

Mon February 19 2024

Record Calf Prices and More
Beef Cattle Prices
Record Calf Prices and More

Beef production is projected to decrease roughly 5 percent year over in 2024. 

Mon February 19 2024

Expect Changes in Growth-Promoting Implants
Beef Production
Expect Changes in Growth-Promoting Implants

The U.S. Food and Drug Administration recently changed guidance for using implants in beef cattle after June 2023.

Mon February 19 2024

Weekly Cattle Market Overview for Week Ending 2/16/24
Cattle/Beef Prices
Weekly Cattle Market Overview for Week Ending 2/16/24

Fed cattle trade in the Southern Plains was higher and steady in the Northern Plains.  Both feeder cattle and stocker calves were higher. Live cattle futures and feeder cattle futures were mixed.

Sat February 17 2024

PPI shows Wholesale Prices Post Biggest Increase in 5 months
Producer Price Index
PPI shows Wholesale Prices Post Biggest Increase in 5 months

Producer-Price Index shows inflation might not be slowing as fast as expected in the U.S.

Fri February 16 2024

Weekly Cattle Market Sentiment: Bearish Trend at Week's End
Bullish/Bearish Consensus
Weekly Cattle Market Sentiment: Bearish Trend at Week's End

The theory behind the "Bullish/Bearish Indicator" is when the public reaches a consensus, they are usually wrong.

Fri February 16 2024

The 2023 Beef Trade Deficit Anticipated to Increase in 2024
Beef Trade
The 2023 Beef Trade Deficit Anticipated to Increase in 2024

Total imports reached a record 3.727 billion pounds, a year-over-year increase of nearly 10 percent.

Thu February 15 2024

14% of U.S. Cattle are in Drought Areas... Down 2% from Last Week
DROUGHT
14% of U.S. Cattle are in Drought Areas... Down 2% from Last Week

19.46% of the Lower 48 States are in Drought compared to 21.22% Last Week

Thu February 15 2024

Cattle Empire
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