Higher corn, lower beans & wheat. Corona Virus…what effects will it have on the markets. Real and its marketing tools compared to us. Chinese New Year. How is that playing a tole on the markets? Livestock-no early cash trade. Struggle in the markets yesterday. USMCA, cash cattle, stock markets…all playing in to the market trade.
Cattle and calves on feed for the slaughter market in the United States for feedlots with capacity of 1,000 or more head totaled 12.0 million head on Jan. 1, 2020. The inventory was 2% above Jan. 1, 2019, USDA NASS reported on Friday.
The inventory included 7.37 million steers and steer calves, up 1% from the previous year. This group accounted for 62% of the total inventory. Heifers and heifer calves accounted for 4.59 million head, up 4% from 2019.
Placements in feedlots during December totaled 1.83 million head, 3% above 2019. Net placements were 1.76 million head. During December, placements of cattle and calves weighing less than 600 pounds were 465,000 head, 600-699 pounds were 455,000 head, 700-799 pounds were 413,000 head, 800-899 pounds were 295,000 head, 900-999 pounds were 95,000 head, and 1,000 pounds and greater were 105,000 head.
Marketings of fed cattle during December totaled 1.83 million head, 5% above 2018.
Other disappearance totaled 67,000 head during December, 11% below 2018.
|USDA Actual||Average Estimate||Range|
|On Feed Jan. 1||102%||102.2%||101.6-102.5%|
|Placed in December||103%||103.2%||100.5-105.3%|
|Marketed in December||105%||105.2%||103.9-105.8%|
Jerry Stowell, Country Futures, calls the report neutral.
Factors still moving the markets include China as we move 7 days into that 30 day agreement. Not a lot of movement talked about to this point. Kind of leaves us on the fence & following technical. Wheat continues to trek higher until today-but why is it going higher. Current status of South American weather & crop progress. Livestock market…Chinese holiday-sickness…people moving through the country. ASF-is there concern with the week long holiday coming up for China?
DENVER, CO (Jan. 22, 2020) – U.S. Secretary of Agriculture Sonny Perdue will share insight on issues of concern to cattlemen and women at the 2020 Cattle Industry Convention and NCBA Trade Show in San Antonio, Texas, Feb. 5, 2020. Perdue will participate in the Opening General Session of the event, being held Feb. 5-7, 2020 at the San Antonio Convention Center. Among topics he is expected to address will be recent trade developments, markets, farm bill implementation and other issues affecting the state of American agriculture.
The convention is the largest gathering of cattle industry professionals in the country. The NCBA Trade Show will feature about 350 exhibitors on more than 7 acres. Annual meetings of the National Cattlemen’s Beef Association, the Cattlemen’s Beef Board, American National CattleWomen, CattleFax and National Cattlemen’s Foundation will also be held at this event.
NCBA President Jennifer Houston of Tennessee says the industry is honored to host Secretary Perdue at the Convention. “Those of us in the cattle industry are affected every day by what goes on in Washington, D.C., so It’s great that Secretary Perdue will visit with us about the administration’s work on our behalf,” Houston said. “In addition to hearing his information, we look forward to further sharing with the Secretary our priorities for the coming months.”
VIDEO: Agriculture Secretary Sonny Perdue Visits American Farm Bureau Convention 2020
Registration for the 2020 Cattle Industry Convention and NCBA Trade Show is still open. For information go to www.ncba.org
Quiet start with the livestock. Tone of the beef is just okay…macro’s have Brad concerned just a bit. Cash cattle. Average weights are disturbing. Year on year comparisons come in higher. Is the market tired for the cattle? Hogs continue to torment. New virus in China-how is that going to affect the markets & heading into the Chinese New Year Celebration. Beans took it in the shorts-is it weather in South America, corn did better but problems talked about it in a variety including wheat.
MANHATTAN, Kan. — Kansas State University officials will focus on strategies to enhance profits during the Winter Ranch Management Seminar series, which will be held at five sites in Kansas beginning in January.
The meetings feature presentations and comments by K-State Research and Extension staff to enhance cow-calf producers’ management and marketing strategies, as well as a question-and-answer session.
“The series has a history of being a successful stretch of meetings, which are hosted throughout the state of Kansas,” said Bob Weaber, a cow-calf specialist with K-State Research and Extension.
Weaber and other state, district and local extension staff will take part in the series to help answer producers’ questions. The specialists will answer a wide range of questions on beef cattle issues including animal health, nutrition, management, genetics and reproduction.
“The previous year’s variable and wet weather across Kansas presented many challenges for farmers and ranchers,” Weaber said. “Our extension team continues to field questions from beef producers related to environmental effects and their impact on cow herd performance, especially reproduction.
“The Winter Ranch Management series provides another great opportunity for state and local specialists to take our expertise out in the country for a series of impactful face-to-face meetings. Our extension team has a breadth of experience in beef cattle management, reproduction, genetics, animal health and nutrition. We’re here to help solve and prevent production problems with reliable information.”
Topics at each location include a discussion on the value captured in the marketplace from improved production practices by cow-calf producers and understanding pregnancy loss. Local extension agents will present a topic focused on forage sampling and testing or proper handling and storage of vaccines.
“Early in the year is a great time for producers to think and plan for the coming year,” Weaber said. “Many producers have a number of experiences in 2019 to reflect upon, so early in the year is a good time to consider opportunities to improve management practices that enhance profitability.”
The schedule of meetings includes:
January 30, Noon to 3 p.m. – Ulysses, Grant County Civic Center (1000 W. Patterson Avenue). RSVP by January 23 to Elizabeth Kissick, Grant Co. Extension, 620-356-1721, firstname.lastname@example.org
January 30, 5:30 to 8:30 p.m. – Ashland, Clark County Fairgrounds (11th Avenue and Kentucky Street). RSVP by January 23 to Kalee Krier, Clark Co. Extension, 620-826-5307, email@example.com
February 11, Noon to 3:30 p.m. – Plainville, First State Bank (120 W. Mill Street). RSVP by February 4 to Rachael Boyle, Phillips-Rooks Extension District, 785-425-6851, firstname.lastname@example.org
February 11, 5:30 to 8:30 p.m. – Mankato Community Center (214 N. High Street). RSVP by February 4 to Brett Melton, River Valley Extension District, 785-243-8185; email@example.com; or to Sandra Wick, Post Rock Extension District, 785-282-6823, firstname.lastname@example.org
February 27, 5:30 to 8:30 p.m. – Yates Center, Woodson County 4-H (713 S. Fry). RSVP by February 20 to Dale Lanham, Southwind Extension District, 620-625-8620, email@example.com
Meeting times and registration fees vary by location, but all will include a meal. Participants are asked to RSVP for a selected location by one week prior to the event. Interested participants should contact their local host contact for registration and RSVP details.
More information about the K-State Winter Ranch Management Seminar series is available at KSUBeef.org.
Crazy week of reports. From the January 10th report, Phase One, USMCA…but still beans had a rough week. Shows volatility & one needs to be prepared. Last 60 days we have been in a tight range. Ethanol margins remain tight…China even mentioned ethanol in Phase One. South American weather & current harvest. Hogs could see the boost from the trade deals. There is money to be made in the cattle market right now.
Tomorrow’s signing day with China. A lot of stories about what be included. WTO guidelines. Chinese imports. Bird flu update for China. Turkey’s in Northern Hungary as well. We continue to see tight ethanol supplies. Weather updates for South America. Corn harvest 2% done in Brazil. Global wheat crop. Livestock market & what China’s hog market looks like. Some short term technical on cattle.
Higher corn, lower beans & wheat. Quiet day in the market trade. China needs help…food for both people & livestock. Will we see any fireworks from Wednesday’s signing? Bird flu in China with swans. Ethanol margins remain tights. Weekly export numbers on the softer side. Why are we seeing lower numbers in the livestock? Chinese New Year Celebrations.
USDA WASDE Report. Nothing friendly on the grain report. Unicorn type of day! Brad explains. How do the basis numbers look? Ethanol/DDG’s & China. Cattle prices were higher with the hopes that the cash would see some higher Friday trade numbers. Macro’s for the cattle not great. Middle of a big fund role. Negative side of the market is the cut-out value-cutting back on Saturday kills. No real threat in the weather-does that make you nervous? Hogs still caught in the same trading range.