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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

The Feb. 23, 2016 Drought Monitor showed a spotty increase in D0 Abnormally Dry and D1 Moderate Dry areas in most of the U.S. east of the Basin and range of the West – a major improvement, however, from this time last year, with most of cattle country experiencing favorable weather and improved forage conditions in the first quarter of 2016, allowing cattle to stay on pasture for longer periods.

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Mexican beef exports have grown rapidly in recent years. Total beef exports began increasing in 2009 and have increased from about 28,000 metric tons in 2008 to more than 161,000 metric tons in 2015, a nearly six-fold increase.

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The latest Cattle on Feed report pegs March 1 feedlot inventories at 10.77 million head, 101 percent of year-ago levels. February marketings and placements were both up year over year partly because of an extra business day in February due to leap year.

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The Feb. 2, 2016 U.S. Drought Monitor reported very little change in drought conditions in much of the Southern Plains. With recent heavy precipitation, the Feb. 2, 2016 Crop Progress – State Stories reported “good to fair” forage conditions in Texas.

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

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We are now two years into herd expansion and that leads to questions of how much more herd expansion is ahead and, to a lesser degree, questions about how fast remaining herd expansion will occur.

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