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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

USDA concluded its Agricultural Outlook Forum last week. Feed grain and oilseed projections suggest little relief from high feed prices. For 2011 corn, soybean, and wheat plantings are projected at 92.0, 78.0, and 57.0 million acres, respectively.

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Australia
Queensland graziers are warning it may be months before they know how many cattle were killed by the flooding that plagued many areas of northeastern Australia from late December through late January.

Damaged roads and fuel shortages severely hampered efforts to assess the damage.

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Corbitt Wall feeder cattle report for Feb. 25

0411pc_blach_regFueled by rising global demands for U.S. beef at a time when the domestic herd continues to decline, beef producers should prepare for steep increase in prices in 2011 – both for beef and feed commodities.

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0411pc_marketreport_1The bulk of February’s cattle marketing was ruled by weather, as not one portion of the United States escaped the wrath of a series of snowstorms and bitter-cold. The first sign of the “weather market” showed up at the tail-end of January as nationwide feeder markets were predominantly lower on fears of the approaching blizzard, plus added pressure from lower cash fed cattle and CME cattle futures.

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