The combination of fall weaning and a clogged fed cattle market have sent feeder cattle prices tumbling over the past two weeks.
As harvest picks up, basis harvest pressure is hitting the bean market.
While many analysts were waiting to see the numbers in this past week’s USDA report, the fact remains no matter what the USDA says about this year’s harvest, the outlook for grain prices isn’t a rosy one.
Hog numbers are up, but farrowing intentions are down, according to last week’s USDA Hogs and Pigs Report. The survey indicated a 1.1 percent increase in the breeding herd from a year ago. That figure was about a point higher than pre-report estimates, said Ron Plain, Extension livestock mar…
While an initial glance at last week’s USDA Cattle on Feed Report might produce a bullish analysis, further study yields a few questions. The report indicated the numbers in feedlots with a capacity of 1,000 head or more was up 2.7 percent from a year ago, with just under 9.9 million head in…
As combines start to roll in the Midwest, corn and bean prices will start to feel harvest pressure.
USDA lowered its 2015 meat production estimates in last week’s World Agricultural Supply and Demand Estimates (WASDE) report.
The Sept. 11 USDA crop report was a mixed bag for farmers.
While the U.S. cow herd continues to show signs of robust growth, it is a different story north of the border. Canada’s report in July indicated the herd was down over 2 percent from a year ago, calvings were down 3.4 percent from a year ago, while heifer numbers fell just under 1 percent.
Harvest is getting nearer, and this is going to be a relatively large crop.