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Market Reports

Read new forecasts and indicators involving beef cattle and feed markets. Find out what factors are affecting prices.

LATEST

Common questions among producers at the National Cattlemen’s Beef Association (NCBA) Cattle Industry Convention (CIC) included: “What didn’t the CattleFax analysts see when they were standing on the stage last year at the NCBA convention? And, what were the things that changed?”

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It’s good news for the Midwest and Southeast in 2017, but the Pacific Northwest will likely encounter major drought. Why? “A new El Nino is coming,” said CattleFax meteorology analyst Art Douglas as he addressed the National Cattlemen’s Beef Association (NCBA) Cattle Industry Convention (CIC) attendees in Nashville.

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After several years of strong net farm income, the recent decline in commodity prices, slow-to-adjust input expenses and falling net farm income is uncomfortably similar to the conditions producers faced in the 1980s, a period often referred to as the “farm financial crisis.”

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The Cattle on Feed report released by the USDA on Nov. 18, 2017 – reported 5 percent year-over-year lower cattle placements in October. The reduced pace of placements is likely to slow beef production increases in the first half of 2017.

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Click the date to see the latest Progressive Cattleman Market watch. (PDF)

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Although analysts project cattle prices to be lower than 2016 for year-over-year averages, several factors are poised to have a significant effect on 2017 cattle and beef markets and may change current price expectations.

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