Outlook is for feedstuffs to remain very expensive

2011 08 26 G-NP-Annualaug2011

Livestock Marketing Information Center (LMIC) Staff On August 11th, USDA-NASS lowered their 2011 crop production forecasts for major feedstuffs and the WAOB raised USDA’s price forecasts. The estimated national average corn yield was reduced to 153 bushels per acre, a decline of nearly 6 bushels from the month-earlier forecast and below industry expectations. The national […]

Drought Likely to Impact Cattle Markets for Years

2011 06 08 Slide1_001

The following article is taken from the Cow-Calf Corner newsletter published by Oklahoma State University. Dr. Derrell S. Peel, Oklahoma State University Extension Livestock Marketing Specialist The on-going drought in the Southern Plains and surrounding regions is having immediate market impacts and, with each passing day is increasingly likely to have multi-year impacts in the […]

Chart of the Week

2011 04 21 COFapril2011

Dr. Curt Lacy (UGA) On April 21, USDA released its monthly Cattle on Feed (COF) report. While the report indicated a larger number of COF compared to a year ago, there is more to the story than many might think. For starters, the year over year increase really illustrates the impacts of the drought in […]

Chart of the Week

2011 03 13 500-600vs

Dr. Curt Lacy (UGA) An interesting phenomenon that has been occurring during the recent run-up in feed prices has been the consistent spread in calf and feeder prices (see chart below). Back in 2008 when feed prices reached their historical highs, the spread between 500-600 pound steers and 700-800 pound steers narrowed to $3.52 per […]