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.


Last week was another volatile price week for both corn and cattle prices. On Thursday, March 31 USDA-NASS released its long anticipated annual Prospective Plantings Report, which many livestock producers hoped would show increased corn acreage for 2011. Increased acres were needed to replenish the relatively short supplies and slow the increasing prices of corn. On Monday through Wednesday the nearby May corn futures contract declined 26 1/4 cents a bushel and the new-crop December futures lost 14 1/4 cents, as trade expectations for increased corn acreage surfaced.

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0411pc_peck_1The list of Canadian beef processors eligible to export to Russia now includes eastern Canada’s largest packer.

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0511pc_marketreport_1After two straight harsh winters, March arrived like a lamb with folks stretching their necks for spring to arrive while scrambling to assemble the balance of their grazing cattle with turn-out dates fast approaching.  Stocker cattle and calves ended the month $7 to $10 higher with the best demand for six-weight old-crop stockers in a thin-fleshed condition for compensatory gain. High Plains buyers were especially looking for long-tailed short yearlings with more age than size, solid colored but bred with enough continental or Brahman cross to bust wide open on Flint Hills or Osage pastures.

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Corbitt Wall USDA cattle report for March 25.

The corn market, along with most other commodity and financial markets, was negatively impacted by the uncertainty created by the natural disaster in Japan and on-going conflicts in North Africa and the Middle East. The Japanese situation is especially important for corn since Japan is the largest importer of U.S. corn.

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Corbitt Wall's USDA Livestock Grain Market News feeder cattle report for March 18.