Cash Cattle Lower, COF Inventory Higher

Nebraska feedyard
Nebraska feedyard
(CAB)

Cash fed cattle prices were significantly softer than many feeders anticipated, with trade in the South at $105 to mainly$106, about $2 lower. Cattle in the North traded at $104 to $105 live and $163 to $165 dressed, $3 to $6 lower. A few cattle traded in Iowa at $103 to $104.

Friday’s USDA cattle on feed report counted on feed inventories at 11.7 million head, 4% higher than last year and record large for the month. Marketings were pegged at 1.85 million head, 6% higher than last year. Placements were up 6% at 2.23 million head. September was the fourth consecutive month of larger placements.

CME December live cattle rose a dime to $103.575 on Friday, but down $3.05 for the week. February live cattle slipped another 15 cents lower to $106.626 and falling $4.85 this week. November feeders dropped 77.5 cents Friday to $129.65 and down $5.375 for the week.

Feeder steers and heifers sold $4 to $8 lower at auctions, according to AMS reporters.

“This week’s lack of robust demand was two-fold.  Too many calves coming off the cow coupled with a sharply lower CME Cattle Complex made for a tough situation when it came to the sale ring at local livestock auctions,” AMS said.

Auction receipts totaled 248,500 head compared to 243,900 last week and 290,200 last year.

 

Latest News

When Stress Goes Beyond Normal 

It started with a broken baler. The farmer panicked. He had recently lost his brother to cancer and his father to old age. Not to mention he had 2,500 acres to farm, 250 beef cows to attend to and his crop just froze. 

White House Drought Relief Working Group to Address Western Water Crisis

Interagency effort will coordinate resources across the federal government to bring immediate relief to irrigators, Tribes, and western communities.

Cargill, Sysco Partner On Sustainable Grazing Project

Sysco and Cargill will partner with the National Fish and Wildlife Foundation (NFWF) to help ranchers tackle the impacts of climate change and improve grasslands and wildlife habitat through cattle grazing.

Switzer Ranch Receives Nebraska Leopold Conservation Award

Bruce and Sue Ann Switzer along with their children, Sarah Sortum and Adam Switzer, own and operate Switzer Ranch, recipient of the 2021 Nebraska Leopold Conservation Award®.

Profit Tracker: Spring Rally For Cattle And Hogs

Cattle and hog feeding operations are experiencing the highest market prices since before the pandemic began more than a year ago. Hog margins were positive for the 11th consecutive week.

Tyson Announces Support for U.S. CattleTrace

Beef industry efforts to develop a voluntary animal traceability system gained significant traction today as Tyson Fresh Meats becomes the first beef processor to invest in membership to U.S. CattleTrace.