Current Progressive Cattle digital edition

Market Reports

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


It is an understatement to say that last week’s USDA estimate of June 1, 2011 corn stocks was a surprise to the market.  At 3.67 billion bushels, the estimate was about 370 million bushels larger than the reported average trade guess.

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National Feeder Cattle Summary for July 1.

Thursday morning, USDA released the results of its annual planted acreage survey, and the results took the market by surprise. 


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A global food shortage, currency moves and good old-fashioned rain have seen the stars align for listed cattle producer Australian Agricultural Company, which has forecast a strong return to profitability and tapped the market for a fresh $86 million in capital.

A year into a three-year turnaround after struggling with losses, AACO said it expected pre-tax earnings in 2011 of about $60 million to $65 million.

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0811pc_marketreport_1Cattlemen entered the beginning of June and the unofficial start of summer weary from two straight months of receding prices off of the all-time records posted at the end of March. The fed cattle arena had seen a 15 percent loss in market position and the feeder markets were suffering a major hangover from the May cattle-on-feed report that included an April placement figure nearly 10 percent larger than the previous year, which was badly missed by industry analysts.

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USDA National Feeder Cattle Summary for June 24.