Tag Archives: cattle

What is going on in the cattle market & how do we survive it?  Friday finished another limit down day.  How do we recover?  Recap of the cash markets this week.  What is the packers story from their side?  Hogs also see a limit down trade.  Talk of China recover from COVID-19 they will need the proteins.  Drop in the corn market.  Energy is pulling the market lower.

 

 

MANHATTAN, Kan. — People of all ages walking around wearing ear buds seems to be a common sight in society today. Often it leads a person to wonder, “What are they all listening to?”

For cow/calf producers interested in learning practical information to address the challenges of raising beef cattle, it just might be the Kansas State University Beef Cattle Institute weekly podcast.

BCI Cattle Chat is a 25-30-minute podcast lead by moderator Brad White, BCI director and veterinarian will be posting its 100th episode on March 27, 2020. The weekly podcast features beef cattle health and management advice from Kansas State experts Bob Larson, veterinarian; Bob Weaber, beef cattle extension specialist; and Dustin Pendell, agricultural economist.

Those four began the podcast in July 2018 to bring together experts from the Kansas State College of Agriculture and College of Veterinary Medicine, White said.

“The goal of the podcast is to effectively communicate relevant, practical information for beef producers and veterinarians through this format,” White said. The format includes 5-8 minute segments on an array of beef cattle topics.

White said their listenership continues to grow. “Last month there were 5,474 downloads from 26 countries.”

With an increasing number of listeners, the podcast team continues to receive listener questions from Kansas and around the globe.

“Our team really appreciates the questions from listeners and the feedback we receive on the podcast. The listener questions allow us to directly address topics important to producers,” White said.

He also values the discussions that happen on the podcast, especially the ones with outside guests who join on occasion. Many of these guests are well-recognized experts in their field.

“I enjoy the interaction with our team and guests because everyone has a different perspective and we can discuss many sides of an issue,” White said.

To listen to this podcast search for BCI Cattle Chat wherever podcasts are found.

Light selling in the wheat…how did that effect the corn trade?  Oil & ethanol concerns.  How soon will we be back to normal? Planting intentions report due out at months end.  Could we see increase in unplanted acres?  Corn/bean ratio and what are we seeing in the basis?  Cattle market on expanded limits, one needs the other.  Is Tyson’s announcement effecting the markets?

 

It was a good market day with positive Ag markets.  Stock market wasn’t the best, Dow down.  Double digit increases in soybeans & Chicago/KC wheat.  Sue looks at the money leaving the stock market on rallies.  Money will find safety.  Ag could see a good return on their investment.  Packers are offering certain bids…but a bill in the house will focus on bottom prices for cattle to be purchased.  Will we see decreased numbers in next cold storage report?  Thoughts on the planting intentions report while looking at some new grain movement issues out of South America.

 

 

 Cattle and calves on feed for the slaughter market in the United States for feedlots with capacity of 1,000 or more head totaled 11.8 million head on March 1, 2020. The inventory was slightly above March 1, 2019, USDA NASS reported on Friday.

Placements in feedlots during February totaled 1.71 million head, 8% below 2019. Net placements were 1.65 million head. During February, placements of cattle and calves weighing less than 600 pounds were 340,000 head, 600-699 pounds were 315,000 head, 700-799 pounds were 470,000 head, 800-899 pounds were 411,000 head, 900-999 pounds were 115,000 head, and 1,000 pounds and greater were 60,000 head.

Marketings of fed cattle during February totaled 1.78 million head, 5% above 2019.

Other disappearance totaled 58,000 head during February, 12% below 2019.

USDA Actual Average Estimate Range
On Feed March 1 100% 100.1% 99.7-100.7%
Placed in February 92% 92.4% 89.0-95.6%
Marketed in February 105% 105.7% 105.4-106.2%
Jerry Stowell, Country Futures, see’s the report as neutral. Overall with the wild swings in the market this week and the macro events driving it the cattle on feed will have little impact good or bad on the market.

Ranchers interested in learning about the latest cutting-edge research in range livestock production from the University of Nebraska–Lincoln are encouraged to register for the 2020 Nebraska Ranch Practicum offered by Nebraska Extension.

The practicum will be held during eight sessions over the course of three seasons in order to cover the production cycle of livestock and forage resources. Participants will have the opportunity to learn about a variety of topics, including the effective use of decision support tools to evaluate management and marketing alternatives, plant identification, range condition and grazing strategies, wildlife management, evaluation of cow body condition scores, and beef cattle production systems.

The practicum will be held June 8 and 9, July 9, September 2 and 3, and November 12, 2020, and January 13 and 14, 2021. Classroom activities will open and close the practicum in North Platte with the remainder of the classes conducted at the university’s Gudmundsen Sandhills Laboratory, a working ranch with education and research facilities, near Whitman.

The practicum can count for college or continuing education credit.

The registration fee is $675. The fee for a spouse is an additional $350. Registration covers educational materials, noon meals and breaks. Participants are responsible for travel and lodging expenses. The practicum can count for college or continuing education credit.

To register, submit a completed application and registration fee by May 1. Applications will not be accepted after that date. Enrollment is limited to 35 participants. Applicants will be notified of their status no later than May 21. Refunds will be issued if space is not available.

To learn more or register, visit https://nebraskaranchpracticum.unl.edu/ or contact Troy Walz at 308-872-6831 or troy.walz@unl.edu.

Two farm-state Senators want the Department of Agriculture to change a rule in the Packers and Stockyards Act. Senate Republican Chuck Grassley of Iowa and Senate Democrat Jon Tester of Montana recently sent a letter to Agriculture Secretary Sonny Perdue requesting USDA “clarify an ambiguous proposed rule regarding the undue and reasonable preferences provision of the Packers and Stockyards Act.”

Grassley and Tester are urging USDA to ensure the new rule protects small livestock and poultry farmers from unreasonable practices of packers and poultry companies. In their letter, they outlined specific changes to address this proposed rule. The Senators say the current rule, “not only fails to address many of these abusive and unreasonable industry practices, but it actively establishes criteria insulating packers and poultry companies from scrutiny.”

The rule also appears to provide legal protection for packers who are able to justify a practice based on the need to save costs and reduce prices, or if their practices are deemed “customary” in the industry because they align with those of their competitors.

Dow drops again. It’s hard to ignore what is going on in the ethanol market. BUT there are several positives in the market trade. Rumors that China is buying wheat. Wouldn’t take much to flip the balance sheet. DDGs another long term positive. Farmers can lock in some interest rates on their loans, lock in fuel needs, could see a reduction in input costs for this year’s crop. Cattle has been something else of late. But there are some encouraging signs coming from the trade. Strong product demand.

FINALLY, some green to the screen for beans.  Corn continues lower.  Wheat was somewhat higher. Demand destruction for gas & ethanol & what that means for the corn industry.  Historic charts for corn & beans will the reports later this month make changes to that?  South American harvest, is there a decrease in the numbers?  Meat movement, long term outlook for cattle…there is a light at the end of the tunnel.

 

Another day of limit down trade.  What is going to happen to this cattle market…the effects on the cattle producer.  Volatility to this market trade today.  Why did the markets fail?  CME Floor trade closed-did that play a role?   Boxed beef was up $12 at noon today.  Futures failing…is this getting out of hand.  What is the cause?  Retail demand is picking up.  Friday rumors on plant workers how did that effect the market?   Hog cash news is firming.  Business & China is there fruit to that talk.  Grains had a devastating day.  Outside market influence in the trade.  Equities creating negativity.