Weekly Cattle Market Overview for Week Ending 12/1/23
Cattle/Beef Prices
Weekly Cattle Market Overview for Week Ending 12/1/23

Fed cattle trade in the Southern and Northern regions was 2.00 lower. Feeder cattle and stocker calves were about 3.50 lower.

Sat December 02 2023

Corn Belt Farmland Values Have Averaged a 12% Increase in Recent Years
U.S. Farmland
Corn Belt Farmland Values Have Averaged a 12% Increase in Recent Years

The Peoples Company National Land Values report says, "high quality farmland in the Corn Belt is truly viewed as the gold standard for agricultural investments."

Fri December 01 2023

Weekly Cattle Market Sentiment: 'Bearish' with a 'Bullish' Uptick at Week's End
Bullish/Bearish Consensus
Weekly Cattle Market Sentiment: 'Bearish' with a 'Bullish' Uptick at Week's End

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

Fri December 01 2023

Farm Sector Profits Forecast To Fall in 2023
Farm & Ranch Income
Farm Sector Profits Forecast To Fall in 2023

Cash receipts from the sale of agricultural commodities are forecast to decrease by 4.7 percent.

Thu November 30 2023

11/30/23: Weekly Beef, Pork, & Corn Export Highlights
Exports
11/30/23: Weekly Beef, Pork, & Corn Export Highlights

Beef net sales were down 37 percent from the previous week and exports down 15 percent.

Thu November 30 2023

Drought Update: Widespread Drought Improvement in the U.S.
DROUGHT
Drought Update: Widespread Drought Improvement in the U.S.

Almost every region in the U.S. saw improvements to drought or dryness this past week.

Thu November 30 2023

Third Quarter GDP Raised to 5.2% but Surge in Growth is Fading
Economy
Third Quarter GDP Raised to 5.2% but Surge in Growth is Fading

Economy appears to have slowed at year’s end.

Wed November 29 2023

Canada Plans to Replace Meat with Insects for Public Consumption
Insect-Based Food
Canada Plans to Replace Meat with Insects for Public Consumption

Trudeau has funneled $10 million into building the largest cricket-processing plant in the world.

Tue November 28 2023

Winter Wheat Condition as of 11/26/23
Winter Wheat
Winter Wheat Condition as of 11/26/23

50% of Winter Wheat is in 'Good to Excellent' Condition compared to 48% last week and 34% last year.

Tue November 28 2023

United Nations set to call on Americans to Reduce Meat Consumption
Climate Change
United Nations set to call on Americans to Reduce Meat Consumption

The UN has, for years, called for individuals to ditch animal-based diets, which it says "have a high impact on our planet."

Tue November 28 2023

Feeder & Stocker Cattle Marketings for the week ending 11/25/23
Feeder & Stocker Cattle Marketings
Feeder & Stocker Cattle Marketings for the week ending 11/25/23

Last week's Feeder & Stocker Cattle Marketings were 9.4% lower than the 3 Year Average.

Mon November 27 2023

Cow and Heifer Slaughter Indicates Continued Herd Liquidation
BEEF COWS
Cow and Heifer Slaughter Indicates Continued Herd Liquidation

The beef cow herd will be smaller in 2024 and holding the inventory stable next year may be the most likely outcome.

Mon November 27 2023

Tyson Foods Announces Plant Closures Nationwide in 2024
Beef Processing
Tyson Foods Announces Plant Closures Nationwide in 2024

Closures geared towards enhancing production capacity by discontinuing older and less efficient plants in various locations.

Mon November 27 2023

Weekly Cattle Market Overview for Week Ending 11/24/23
Cattle/Beef Prices
Weekly Cattle Market Overview for Week Ending 11/24/23

Fed cattle trade in both the Southern and Northern regions was 1.00 lower. Feeder cattle traded 3.00 lower with stocker calves about 2.00 lower.

Sat November 25 2023

Beef Production in U.S. & Canada will Decline; Increases in Australia, Brazil, & Mexico
Beef Production
Beef Production in U.S. & Canada will Decline; Increases in Australia, Brazil, & Mexico

Rabobank forecasts increases in production in countries such as Australia, Brazil, and Mexico will offset declines in Canada and the US.

Fri November 24 2023

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

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

Fri November 24 2023

US Reduces Beef Exports as Cattle Herd Shrinks; Imports Increase
Beef Exports
US Reduces Beef Exports as Cattle Herd Shrinks; Imports Increase

"The future of this industry is not here in the United States… It's offshore."

Thu November 23 2023

Beef Production Down 3% from a Year Ago; Pork Up 5%
Livestock Slaughter
Beef Production Down 3% from a Year Ago; Pork Up 5%

Commercial red meat production totaled 4.77 billion pounds in October, up slightly from October 2022.

Thu November 23 2023

USDA Cold Storage Report: Red Meat Supplies in Freezers Down 17 Percent
Cold Storage
USDA Cold Storage Report: Red Meat Supplies in Freezers Down 17 Percent

Beef in freezers down 20%; Frozen Pork Down 14%

Wed November 22 2023

Drought Update: Drought Worsened in the Midwest
DROUGHT
Drought Update: Drought Worsened in the Midwest

For the second week in a row, drought in almost every Midwestern state worsened.

Wed November 22 2023

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