The U.S. beef cow herd stabilized somewhat in 2024. The average culling rate was 10.5 percent, but with a beef cow herd of 28 million, the cull rate would have to be around 9 percent – or less – and heifer retention must increase in order to enter into an expansion phase. Holding back heifer retention is the current record price level for feeder cattle; producers are more than willing to take advantage of those record prices than to invest in future expansion. For many operations, current production risks outweigh potential future returns. April prices for medium to large-frame feeder cattle between 600 and 650 pounds are $290/cwt.
Steer prices are projected to reach $205.51/cwt for the year, up 10 percent, while fe...
World Perspectives, Inc. is pleased to announce a new member to our team. Cortney Zimmerman joined WPI in January as the Communications Manager. In this role, she supports the editing, production, and publication of the firm’s market analysis and written reports, working closely with anal...
WPI Grain Prices and Freight Rate App Note: you can also visit the app directly by clicking here. Supplemental Information The section below offers a concise view of the options available in the current version of the WPI FOB Price and Freight Rate app, along with a short “...
What You Need to Know Today: Excitement over China’s agreement to purchase $17 billion of U.S. ag commodities subsided, as traders are cautious amid the yet-unspecified allocation of those purchases. Monday’s Crop Progress report did not significantly change the narrative for corn...
