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Yearlings Are Good $$$

Northern Rancher

Well-known member
Our local barn had their customer appreciation sale yesterday so we took in the odds and sods mostly BrahmaX wildies etc-the way they sold good yearlings will clip a good coupon this fall. I'd skimmed these three times already so they weren't the shiniest but still brought $700/head.
 

Faster horses

Well-known member
I watched yearlings sell at Lemmon Livestock, Lemmon, SD today.
Here are a few I wrote down:

Heifers:
2 blk-775# $1.0975
1 blk-703# 1.1075
1 brn heifer (kind of mousy colored) 930#-$100.5
5 blk hfrs-793#-109.75
5 blk hfrs-893-$104.5
8 blk hfrs-799-$109.25
Charolais heifers-1059-$90.

Steers
Mixed color steers-882#-$108.75
blk steers-829#-$109.50
blk steers-725#-$113.00


Some little steer calves weighing 282# brought $450/hd

I saw one Charolais cow that weighed 1580# bring $64.50
for a total of $1019.00!!

It wasn't a big sale and I tuned in late, so I didn't get very
many, but it seemed to be good sale.
 

Angus 62

Well-known member
Yesterday at Sterling Livestock Commission

173 Blk/Char steers weighing 932 - $109.85

82 Blk/Char steers weighing 991 - $104.25

204 Blk/Char steers weighing 801 - $113.25
 

John SD

Well-known member
Angus 62 said:
Yesterday at Sterling Livestock Commission

173 Blk/Char steers weighing 932 - $109.85

82 Blk/Char steers weighing 991 - $104.25

204 Blk/Char steers weighing 801 - $113.25

While those prices sound good, I got $1.03 for 1000 lb Hereford steers several years back. A 2010 dollar doesn't buy near as much at the gas station, grocery store, feed store, or with the tax man, etc as it used to.

I sold a couple 6 yr old Hereford bulls in Faith on Monday. They weighed 2165 and 2210 and brought $75.75/cwt After using them 4 breeding seasons I got back what I paid for them as 2yr olds in 2007. 8)
 

burnt

Well-known member
John SD - my thoughts exactly. Those prices sound O.K. until you read the N.H parts thread, for example. The costs have far and away outrun the prices we get even with the slight upturn recently.

I bought a new pickup in 1978 with the PROFIT from 50 butcher steers. :shock:

Now it takes most of the cheque from 50 steers. :roll:
 
A

Anonymous

Guest
Today at the local sales yard- black 976 lb steers sold for $1.04--$1015 ..Reds and off coloreds a couple cents back...I also heard that some have got bids of more than that for large lots (thousands) of 1000 lb steers which I saw in May on grass that were only in the 600 weight figure then- which may not mean much to some- but is shocking being this far from the feedlots....

I asked the buyer if that meant 560- 600 weight steer calves were worth $725-$775 - and he said "not yet- but I don't know where the price is going to go".. :D

I only wish I had several hundred head of black maternal bred heifers now as I think all the price can go is up with the price of slaughter cows and all the cows being culled...


Beef exports grow amid herd contraction
By Drovers news source | Wednesday, August 18, 2010




Cow slaughter continues at a high rate, keeping U.S. beef production from expanding, while 2010 beef exports are up 13 percent over last year, according to the USDA’s August Livestock, Dairy and Poultry Outlook report.

The July 1 Cattle report indicates that feeder cattle prices and the current series of profitable months of feeding cattle have not been enough to motivate beef cow herd expansion. As a result, cow slaughter continues at a high rate, setting the stage for further declines in cow inventories.

While cattle cycles can be defined as total inventories of cattle and calves from trough to trough — as used here—or from peak to peak, the cattle cycle behavior that persists is largely due to dynamics in the beef cattle sector, since dairy cows have not exhibited cyclical behavior since about 1947. Other ways to look at cattle cycles are by cow inventories or by beef cow inventories. Each cycle consists of an expansion phase, a consolidation phase, and a liquidation phase.

Historically, and prior to the current cycle, the shortest expansion phase, of 3 years, occurred from 1980 to 1982 when inventories increased by 4 percent from their low point. This expansion was followed by a liquidation that lasted 8 years from 1983 to 1990, during which, inventories declined by 17 percent. The next cattle cycle peaked in 1996, increasing 8 percent from its 1990 low — a 6-year expansion. This was followed by an 8-year, drought-extended liquidation that saw inventories decline by 8 percent and left a 2004 cattle inventory about a million head lower than the Jan. 1, 1990 trough. The shortest liquidation phase in historical terms occurred during the cattle cycle that began in 1959, peaked in 1965, and bottomed in 1967—a 2-year liquidation.

The expansion phase of the current cattle cycle began in 2005 and peaked in 2007, due in part to a short-lived upturn in dairy cow inventories. With the July 1 inventory report, U.S. inventories of cattle and calves are 4 years into liquidation. If one looks solely at January 1 beef cow inventories, the decline that began in 1996 has been continuous except during 2005 and 2006. Declines in both July 1 beef cow inventories (down 1 percent) and beef heifer inventories (down 2 percent) suggest that a further decline is likely in store for Jan. 1, 2011 beef cow inventories.

A number of factors drive inventory dynamics. Weather patterns, especially drought, can shift inventories into or extend liquidation of the cow herd. Profit margins can also affect retention or liquidation decisions. Current cow prices appear to be sending significant numbers of cows to slaughter, reducing the total cow inventory from its already low levels.

Increased demand for corn and other grains in international markets will also continue to play a role in feed grain price dynamics. Prices for energy and other inputs will likely increase, raising breakeven costs at all levels of the cattle and beef industries. These factors, combined with the much longer production cycle for beef cattle compared with other livestock species, enables producers of other species to more quickly respond to changes in demand for final meat and poultry products. With current Cattle report estimates of the calf crop in 2010 below 2009 by more than 400,000 head, or 1 percent, competition for feeder cattle in 2011 is expected to be severe. This competition could intensify if heifers are retained for replacements, further reducing feeder cattle supplies. Under such a scenario, feeder cattle prices would be well-positioned for significant support at higher levels.

July 1 dairy replacement heifer inventories were up by 3 percent. Given that the number of heifers for dairy replacement as a share of the cow herd was record high for July, we can anticipate continued dairy cow slaughter at relatively high levels.

Feeder Cattle Supplies Tight for Foreseeable Future

National Feeder and Stocker Cattle Summaries (SJ_LS850) indicate that feeder cattle sales have been well above year-earlier levels. At the same time, feeder cattle supplies outside feedlots, down by almost 3 percent, are the lowest since the series began in 1996. Further, the latest Cattle On Feed report released July 23 indicated that the ratio of over-700-lb June feeder cattle placements to total placements was lower than last June's and almost the same as in 2008. Should these placement levels continue, the stage is set for heavy fed cattle marketings at the end of the year and into the first and second quarters of 2011.

With almost a million fewer feeder cattle outside feedlots on July 1 compared with 2009, cattle appear to be "pulled forward" (placed on feed earlier than would be considered typical) to take advantage of the current profit potential and to utilize feedlot pen space. Continued increases in grain prices could counteract the pulling forward of feeder cattle placements, which could be supportive for feeder and later fed cattle prices.

Mexico has been rebuilding its cow herd after a series of extremely dry years. As a result, Mexico should be in a good position to export feeder cattle to the United States. This will offset anticipated reductions in exports of feeder cattle from Canada where large numbers of cows going to slaughter will reduce this and next year’s calf crops, and thus, future feeder calf supplies.

Feedlot Picture Could Dim

Second-quarter 2010 net placements were 14 percent above second-quarter 2009 placements and 6 percent above 2008 placements. May-June 2010 placements could come to market in the fourth quarter in sufficient numbers to exert some downward pressure on prices. July placements have the potential to add further to winter marketings. Marketings for 4 of 6 months thus far in 2010 are above year earlier.

Currently forecast corn and soybean prices — combined with feeder cattle prices near historical highs —will result in fed cattle breakeven prices above current levels. Fed cattle prices at or above these levels could be difficult to achieve in the face of competition from cheaper poultry and a slow-paced economic recovery through the remainder of 2010, although lower pork supplies would provide positive price support. Small or negative cattle-feeding margins would result in some negative pressure on feeder cattle prices, adding to existing reluctance among cow-calf producers to expand cow herds.

Good News-Bad News for U.S. Beef Exports

U.S. beef exports in 2010 are forecast at 2.19 billion lbs, growing 13 percent above 2009 export levels. Japan and South Korea are adding the most momentum to exports of U.S. beef. Growth in the third and fourth quarters of this year is anticipated at 17 percent for Japan and 6 percent for South Korea, year-over-year. The second quarter ended with 585 million lbs of beef exported, nearly 18 percent above the same quarter last year. In the third quarter of this year, 580 million lbs of beef are forecast to be exported. In general, strengthening economies and the gradual return to pre-BSE export levels has resulted in growth in the Japanese and South Korean markets. Also, the relatively weaker dollar against the Japanese yen has given a boost to U.S. beef exports to Japan. With moderate GDP growth and stable prices in Japan and South Korea, U.S. beef exports for the first half of 2010 have returned to 33 and 45 percent of pre-BSE levels (2003), respectively.

Although these figures may appear meager after 7 post-BSE years, exports to Japan through June demonstrated a solid 24 percent growth year-over-year (104 percent for South Korea), and weekly data suggests the percentage growth will be equally strong into the second half of the year.

U.S. beef exports to other major export markets in Asia also increased year-overyear through June: Vietnam (+2.5 percent), Taiwan (+48 percent), and Hong Kong (+84 percent). U.S. beef exports for 2011 are forecast to decline 6 percent from the 2010 total; this is due to lower beef production as the domestic cattle inventory declines.

Growth in U.S. Beef Imports Anticipated in the Second Half of 2010

Imports of beef to the United States for 2010 are forecast at 2.6 billion lbs, fractionally below 2009 levels. Data from the second quarter showed imports to be at 690 million pounds – 8 percent below the year-earlier second-quarter total. Coupled with lower supplies in Australia, the strong Australian dollar is a factor that has continued to plague the U.S. import market for Australian beef products, which, in turn, has put downward pressure on total U.S. beef imports thus far in the year.
 

BRG

Well-known member
Oldtimer said:
Today at the local sales yard- black 976 lb steers sold for $1.04--$1015 ..Reds and off coloreds a couple cents back...I also heard that some have got bids of more than that for large lots (thousands) of 1000 lb steers which I saw in May on grass that were only in the 600 weight figure then- which may not mean much to some- but is shocking being this far from the feedlots....

I asked the buyer if that meant 560- 600 weight steer calves were worth $725-$775 - and he said "not yet- but I don't know where the price is going to go".. :D

I only wish I had several hundred head of black maternal bred heifers now as I think all the price can go is up with the price of slaughter cows and all the cows being culled...


Beef exports grow amid herd contraction
By Drovers news source | Wednesday, August 18, 2010




Cow slaughter continues at a high rate, keeping U.S. beef production from expanding, while 2010 beef exports are up 13 percent over last year, according to the USDA’s August Livestock, Dairy and Poultry Outlook report.

The July 1 Cattle report indicates that feeder cattle prices and the current series of profitable months of feeding cattle have not been enough to motivate beef cow herd expansion. As a result, cow slaughter continues at a high rate, setting the stage for further declines in cow inventories.

While cattle cycles can be defined as total inventories of cattle and calves from trough to trough — as used here—or from peak to peak, the cattle cycle behavior that persists is largely due to dynamics in the beef cattle sector, since dairy cows have not exhibited cyclical behavior since about 1947. Other ways to look at cattle cycles are by cow inventories or by beef cow inventories. Each cycle consists of an expansion phase, a consolidation phase, and a liquidation phase.

Historically, and prior to the current cycle, the shortest expansion phase, of 3 years, occurred from 1980 to 1982 when inventories increased by 4 percent from their low point. This expansion was followed by a liquidation that lasted 8 years from 1983 to 1990, during which, inventories declined by 17 percent. The next cattle cycle peaked in 1996, increasing 8 percent from its 1990 low — a 6-year expansion. This was followed by an 8-year, drought-extended liquidation that saw inventories decline by 8 percent and left a 2004 cattle inventory about a million head lower than the Jan. 1, 1990 trough. The shortest liquidation phase in historical terms occurred during the cattle cycle that began in 1959, peaked in 1965, and bottomed in 1967—a 2-year liquidation.

The expansion phase of the current cattle cycle began in 2005 and peaked in 2007, due in part to a short-lived upturn in dairy cow inventories. With the July 1 inventory report, U.S. inventories of cattle and calves are 4 years into liquidation. If one looks solely at January 1 beef cow inventories, the decline that began in 1996 has been continuous except during 2005 and 2006. Declines in both July 1 beef cow inventories (down 1 percent) and beef heifer inventories (down 2 percent) suggest that a further decline is likely in store for Jan. 1, 2011 beef cow inventories.

A number of factors drive inventory dynamics. Weather patterns, especially drought, can shift inventories into or extend liquidation of the cow herd. Profit margins can also affect retention or liquidation decisions. Current cow prices appear to be sending significant numbers of cows to slaughter, reducing the total cow inventory from its already low levels.

Increased demand for corn and other grains in international markets will also continue to play a role in feed grain price dynamics. Prices for energy and other inputs will likely increase, raising breakeven costs at all levels of the cattle and beef industries. These factors, combined with the much longer production cycle for beef cattle compared with other livestock species, enables producers of other species to more quickly respond to changes in demand for final meat and poultry products. With current Cattle report estimates of the calf crop in 2010 below 2009 by more than 400,000 head, or 1 percent, competition for feeder cattle in 2011 is expected to be severe. This competition could intensify if heifers are retained for replacements, further reducing feeder cattle supplies. Under such a scenario, feeder cattle prices would be well-positioned for significant support at higher levels.

July 1 dairy replacement heifer inventories were up by 3 percent. Given that the number of heifers for dairy replacement as a share of the cow herd was record high for July, we can anticipate continued dairy cow slaughter at relatively high levels.

Feeder Cattle Supplies Tight for Foreseeable Future

National Feeder and Stocker Cattle Summaries (SJ_LS850) indicate that feeder cattle sales have been well above year-earlier levels. At the same time, feeder cattle supplies outside feedlots, down by almost 3 percent, are the lowest since the series began in 1996. Further, the latest Cattle On Feed report released July 23 indicated that the ratio of over-700-lb June feeder cattle placements to total placements was lower than last June's and almost the same as in 2008. Should these placement levels continue, the stage is set for heavy fed cattle marketings at the end of the year and into the first and second quarters of 2011.

With almost a million fewer feeder cattle outside feedlots on July 1 compared with 2009, cattle appear to be "pulled forward" (placed on feed earlier than would be considered typical) to take advantage of the current profit potential and to utilize feedlot pen space. Continued increases in grain prices could counteract the pulling forward of feeder cattle placements, which could be supportive for feeder and later fed cattle prices.

Mexico has been rebuilding its cow herd after a series of extremely dry years. As a result, Mexico should be in a good position to export feeder cattle to the United States. This will offset anticipated reductions in exports of feeder cattle from Canada where large numbers of cows going to slaughter will reduce this and next year’s calf crops, and thus, future feeder calf supplies.

Feedlot Picture Could Dim

Second-quarter 2010 net placements were 14 percent above second-quarter 2009 placements and 6 percent above 2008 placements. May-June 2010 placements could come to market in the fourth quarter in sufficient numbers to exert some downward pressure on prices. July placements have the potential to add further to winter marketings. Marketings for 4 of 6 months thus far in 2010 are above year earlier.

Currently forecast corn and soybean prices — combined with feeder cattle prices near historical highs —will result in fed cattle breakeven prices above current levels. Fed cattle prices at or above these levels could be difficult to achieve in the face of competition from cheaper poultry and a slow-paced economic recovery through the remainder of 2010, although lower pork supplies would provide positive price support. Small or negative cattle-feeding margins would result in some negative pressure on feeder cattle prices, adding to existing reluctance among cow-calf producers to expand cow herds.

Good News-Bad News for U.S. Beef Exports

U.S. beef exports in 2010 are forecast at 2.19 billion lbs, growing 13 percent above 2009 export levels. Japan and South Korea are adding the most momentum to exports of U.S. beef. Growth in the third and fourth quarters of this year is anticipated at 17 percent for Japan and 6 percent for South Korea, year-over-year. The second quarter ended with 585 million lbs of beef exported, nearly 18 percent above the same quarter last year. In the third quarter of this year, 580 million lbs of beef are forecast to be exported. In general, strengthening economies and the gradual return to pre-BSE export levels has resulted in growth in the Japanese and South Korean markets. Also, the relatively weaker dollar against the Japanese yen has given a boost to U.S. beef exports to Japan. With moderate GDP growth and stable prices in Japan and South Korea, U.S. beef exports for the first half of 2010 have returned to 33 and 45 percent of pre-BSE levels (2003), respectively.

Although these figures may appear meager after 7 post-BSE years, exports to Japan through June demonstrated a solid 24 percent growth year-over-year (104 percent for South Korea), and weekly data suggests the percentage growth will be equally strong into the second half of the year.

U.S. beef exports to other major export markets in Asia also increased year-overyear through June: Vietnam (+2.5 percent), Taiwan (+48 percent), and Hong Kong (+84 percent). U.S. beef exports for 2011 are forecast to decline 6 percent from the 2010 total; this is due to lower beef production as the domestic cattle inventory declines.

Growth in U.S. Beef Imports Anticipated in the Second Half of 2010

Imports of beef to the United States for 2010 are forecast at 2.6 billion lbs, fractionally below 2009 levels. Data from the second quarter showed imports to be at 690 million pounds – 8 percent below the year-earlier second-quarter total. Coupled with lower supplies in Australia, the strong Australian dollar is a factor that has continued to plague the U.S. import market for Australian beef products, which, in turn, has put downward pressure on total U.S. beef imports thus far in the year.


It is already there. We purchased 335 head of steers from a group of bull customers weighing 590 lbs for $123.50, and they are your neighbor.
 
A

Anonymous

Guest
BRG said:
Oldtimer said:
Today at the local sales yard- black 976 lb steers sold for $1.04--$1015 ..Reds and off coloreds a couple cents back...I also heard that some have got bids of more than that for large lots (thousands) of 1000 lb steers which I saw in May on grass that were only in the 600 weight figure then- which may not mean much to some- but is shocking being this far from the feedlots....

I asked the buyer if that meant 560- 600 weight steer calves were worth $725-$775 - and he said "not yet- but I don't know where the price is going to go".. :D

I only wish I had several hundred head of black maternal bred heifers now as I think all the price can go is up with the price of slaughter cows and all the cows being culled...


Beef exports grow amid herd contraction
By Drovers news source | Wednesday, August 18, 2010




Cow slaughter continues at a high rate, keeping U.S. beef production from expanding, while 2010 beef exports are up 13 percent over last year, according to the USDA’s August Livestock, Dairy and Poultry Outlook report.

The July 1 Cattle report indicates that feeder cattle prices and the current series of profitable months of feeding cattle have not been enough to motivate beef cow herd expansion. As a result, cow slaughter continues at a high rate, setting the stage for further declines in cow inventories.

While cattle cycles can be defined as total inventories of cattle and calves from trough to trough — as used here—or from peak to peak, the cattle cycle behavior that persists is largely due to dynamics in the beef cattle sector, since dairy cows have not exhibited cyclical behavior since about 1947. Other ways to look at cattle cycles are by cow inventories or by beef cow inventories. Each cycle consists of an expansion phase, a consolidation phase, and a liquidation phase.

Historically, and prior to the current cycle, the shortest expansion phase, of 3 years, occurred from 1980 to 1982 when inventories increased by 4 percent from their low point. This expansion was followed by a liquidation that lasted 8 years from 1983 to 1990, during which, inventories declined by 17 percent. The next cattle cycle peaked in 1996, increasing 8 percent from its 1990 low — a 6-year expansion. This was followed by an 8-year, drought-extended liquidation that saw inventories decline by 8 percent and left a 2004 cattle inventory about a million head lower than the Jan. 1, 1990 trough. The shortest liquidation phase in historical terms occurred during the cattle cycle that began in 1959, peaked in 1965, and bottomed in 1967—a 2-year liquidation.

The expansion phase of the current cattle cycle began in 2005 and peaked in 2007, due in part to a short-lived upturn in dairy cow inventories. With the July 1 inventory report, U.S. inventories of cattle and calves are 4 years into liquidation. If one looks solely at January 1 beef cow inventories, the decline that began in 1996 has been continuous except during 2005 and 2006. Declines in both July 1 beef cow inventories (down 1 percent) and beef heifer inventories (down 2 percent) suggest that a further decline is likely in store for Jan. 1, 2011 beef cow inventories.

A number of factors drive inventory dynamics. Weather patterns, especially drought, can shift inventories into or extend liquidation of the cow herd. Profit margins can also affect retention or liquidation decisions. Current cow prices appear to be sending significant numbers of cows to slaughter, reducing the total cow inventory from its already low levels.

Increased demand for corn and other grains in international markets will also continue to play a role in feed grain price dynamics. Prices for energy and other inputs will likely increase, raising breakeven costs at all levels of the cattle and beef industries. These factors, combined with the much longer production cycle for beef cattle compared with other livestock species, enables producers of other species to more quickly respond to changes in demand for final meat and poultry products. With current Cattle report estimates of the calf crop in 2010 below 2009 by more than 400,000 head, or 1 percent, competition for feeder cattle in 2011 is expected to be severe. This competition could intensify if heifers are retained for replacements, further reducing feeder cattle supplies. Under such a scenario, feeder cattle prices would be well-positioned for significant support at higher levels.

July 1 dairy replacement heifer inventories were up by 3 percent. Given that the number of heifers for dairy replacement as a share of the cow herd was record high for July, we can anticipate continued dairy cow slaughter at relatively high levels.

Feeder Cattle Supplies Tight for Foreseeable Future

National Feeder and Stocker Cattle Summaries (SJ_LS850) indicate that feeder cattle sales have been well above year-earlier levels. At the same time, feeder cattle supplies outside feedlots, down by almost 3 percent, are the lowest since the series began in 1996. Further, the latest Cattle On Feed report released July 23 indicated that the ratio of over-700-lb June feeder cattle placements to total placements was lower than last June's and almost the same as in 2008. Should these placement levels continue, the stage is set for heavy fed cattle marketings at the end of the year and into the first and second quarters of 2011.

With almost a million fewer feeder cattle outside feedlots on July 1 compared with 2009, cattle appear to be "pulled forward" (placed on feed earlier than would be considered typical) to take advantage of the current profit potential and to utilize feedlot pen space. Continued increases in grain prices could counteract the pulling forward of feeder cattle placements, which could be supportive for feeder and later fed cattle prices.

Mexico has been rebuilding its cow herd after a series of extremely dry years. As a result, Mexico should be in a good position to export feeder cattle to the United States. This will offset anticipated reductions in exports of feeder cattle from Canada where large numbers of cows going to slaughter will reduce this and next year’s calf crops, and thus, future feeder calf supplies.

Feedlot Picture Could Dim

Second-quarter 2010 net placements were 14 percent above second-quarter 2009 placements and 6 percent above 2008 placements. May-June 2010 placements could come to market in the fourth quarter in sufficient numbers to exert some downward pressure on prices. July placements have the potential to add further to winter marketings. Marketings for 4 of 6 months thus far in 2010 are above year earlier.

Currently forecast corn and soybean prices — combined with feeder cattle prices near historical highs —will result in fed cattle breakeven prices above current levels. Fed cattle prices at or above these levels could be difficult to achieve in the face of competition from cheaper poultry and a slow-paced economic recovery through the remainder of 2010, although lower pork supplies would provide positive price support. Small or negative cattle-feeding margins would result in some negative pressure on feeder cattle prices, adding to existing reluctance among cow-calf producers to expand cow herds.

Good News-Bad News for U.S. Beef Exports

U.S. beef exports in 2010 are forecast at 2.19 billion lbs, growing 13 percent above 2009 export levels. Japan and South Korea are adding the most momentum to exports of U.S. beef. Growth in the third and fourth quarters of this year is anticipated at 17 percent for Japan and 6 percent for South Korea, year-over-year. The second quarter ended with 585 million lbs of beef exported, nearly 18 percent above the same quarter last year. In the third quarter of this year, 580 million lbs of beef are forecast to be exported. In general, strengthening economies and the gradual return to pre-BSE export levels has resulted in growth in the Japanese and South Korean markets. Also, the relatively weaker dollar against the Japanese yen has given a boost to U.S. beef exports to Japan. With moderate GDP growth and stable prices in Japan and South Korea, U.S. beef exports for the first half of 2010 have returned to 33 and 45 percent of pre-BSE levels (2003), respectively.

Although these figures may appear meager after 7 post-BSE years, exports to Japan through June demonstrated a solid 24 percent growth year-over-year (104 percent for South Korea), and weekly data suggests the percentage growth will be equally strong into the second half of the year.

U.S. beef exports to other major export markets in Asia also increased year-overyear through June: Vietnam (+2.5 percent), Taiwan (+48 percent), and Hong Kong (+84 percent). U.S. beef exports for 2011 are forecast to decline 6 percent from the 2010 total; this is due to lower beef production as the domestic cattle inventory declines.

Growth in U.S. Beef Imports Anticipated in the Second Half of 2010

Imports of beef to the United States for 2010 are forecast at 2.6 billion lbs, fractionally below 2009 levels. Data from the second quarter showed imports to be at 690 million pounds – 8 percent below the year-earlier second-quarter total. Coupled with lower supplies in Australia, the strong Australian dollar is a factor that has continued to plague the U.S. import market for Australian beef products, which, in turn, has put downward pressure on total U.S. beef imports thus far in the year.


It is already there. I have seen 6 weight steers bring $1.20 plus

Yep- well I thru out the $1.30 at 600 lb figure to him- and he didn't flinch or have a coronary - which tells me something...

And you have to remember just because of distance from feedlots and trucking we are usually a dime back from SD/Neb sales and about a nickel back from Miles City- altho when demand is up, I've seen these buyers match or top the Miles/Billings price just to get the hardgrass northern calves.....
 
A

Anonymous

Guest
BRG said:
OT - I went back and looked at my records and changed my post above your last one.

It is already there. We purchased 335 head of steers from a group of bull customers weighing 590 lbs for $123.50, and they are your neighbor.

Sounds good- I've been telling folks for a couple months that ask that I think that later in the year they could see $1.25 at 600.... I sure as H hope I'm right- $1.30 would even be better.... :wink: :)
 
A

Anonymous

Guest
Cattle Rise to 22-Month High as Meat Prices Jump; Hogs Drop



Elizabeth Campbell - Bloomberg Businessweek - August 19, 2010



Cattle futures climbed to $1 a pound, the highest price in 22 months, as rising U.S. beef prices signal increased demand. Feeder-cattle reached a three- month high while hog futures dropped.



Wholesale beef has rallied 5.4 percent since Aug. 5, to the highest price in more than two months, U.S. Department of Agriculture data show. Hedge-fund managers and other large speculators have increased their net-long positions, or bets that cattle futures will rise, by 57 percent in the past month to the highest level since May, according to the government.



“The cattle market’s got some real good potential to continue to go higher,” said Paul Beere, a market adviser at Prime Agricultural Consultants Inc. in Brookfield, Wisconsin. Prices are up “because meat prices are going higher, and funds are coming in and adding to their long position,” he said.



Cattle futures for October delivery rose 1.7 cents, or 1.7 percent, to 99.175 cents a pound at 1 p.m. on the Chicago Mercantile Exchange. Earlier, the price reached $1, the highest level for a most-active contract since Oct. 2, 2008. Prices have climbed 15 percent this year.



Wholesale beef rose to $1.5876 a pound today, the most expensive since June 7, USDA data show.



Feeder-cattle futures for October settlement gained 1.625 cents, or 1.4 percent, to $1.16575 a pound on the CME, after touching $1.1685, the highest price for a most-active contract since May 6.



Shrinking Herds



Canada held 14 million head of cattle as of July 1, down 4.9 percent from a year earlier, Statistics Canada said today in a report. The country’s hog herd was 2.4 percent smaller, at 11.8 million pigs, according to the report. Altogether, U.S. and Canadian inventories decreased 3.4 percent in June from a year earlier to 76.2 million head, the USDA said in a report today.



Hog futures for October settlement fell 0.225 cent, or 0.3 percent, to 77.85 cents a pound in Chicago. Earlier, hogs reached 79.35 cents, the highest level since Aug. 4.



Prices “probably went up a little bit too fast, too much yesterday and are just giving a little bit back,” said Chris Nagel, a market analyst at Northstar Commodity Investment Co. in Minneapolis. “The stock market most of the morning was down. People look at that as a signal of what the demand’s going to be going forward.”



The Standard & Poor’s 500 Index lost as much as 2.1 percent, heading for the first decline this week.



Pork-belly futures for February settlement fell the CME’s 3-cent limit, or 2.9 percent, to $1.02 a pound.



--Editors: Michael Arndt, Steve Stroth.



businessweek.com
 

Hay Feeder

Well-known member
Cows are worth more for the meat in them than they are for breeding stock. Lowest numbers of cows since 1952 and bascially no where to raise them.
 
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