Negotiated fed cattle prices were $172.45 today, as buying was hurried by the Easter and Good Friday holiday. Prices this week have moved up considerably over last week, which were already at historic levels.
The fed cattle market likely will light an additional spark under the feeder cattle market. USDA has forecast feeder cattle prices to average $204 per hundredweight in 2023, which is higher than 2014’s record average of $198.94 per hundredweight and of 2015’s annual average of $197.31 per hundredweight, and so for this year, feeder cattle are running well above 2014.
What does all this mean for herd rebuilding? Normally, higher cattle prices would send a signal to expand the herd through higher calf production, but pr...
What You Need to Know Today: There has already been a strong run of flash soybean sales announcements in recent weeks, but more than 1.4 MMT reported this morning is an exceptionally large single-day total with major implications for the market. If the sales to China and unknown destinations w...
On Friday, at 6:57 AM, President Donald Trump announced, via a social media post, a 90-day window during which up to 300,000 metric tons of product for ground beef could be imported outside of tariff-rate quotas—a move aimed at bringing down costs for American consumers. This is the secon...
