Fed Cattle Steady, Feeders Steady To $3 Lower – Drovers Magazine

Cash fed cattle prices were reported at mostly $111, which is steady with last week. Dressed prices were at $173 to $174. An increase in dressed sales was reported in the south at $178.50, which is $4.50 higher than last week.

Steer and heifer calves sold at auction steady to $5 per cwt. lower, reports the Agricultural Marketing Service. Yearling steers and heifers were called steady to $3 lower.

“Receipts were much larger than last week as road conditions improved dramatically in certain areas as dryer and warmer weather permeated across the Plains,” AMS reported. “In the Northern Plains, calf runs are just getting started and high quality weaned calves are in demand. The demand for unweaned calves this week was moderate while demand for preconditioned and weaned calves was moderate to good.”

Friday’s cattle on feed report revealed another record inventory with 11.4 million head, the highest October inventory since the data series began in 1996. The total was 5.2% higher than last year. Placements in September were down 99,000 head, or 4.6% from last year. Marketings were pegged at 1.72 million head, down 3.72% from last year.

Boxed beef cutout values were significantly higher on good demand. The Choice cutout closed Friday at $207.93, up $5.22 per cwt. for the week. Select closed at $194.22, up $1.94 from the previous Friday. The Choice/Select spread was $13.69.

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Dozens of cattle roaming Georgia roadway cause backups, injuries – WISN Milwaukee

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WISN Milwaukee

Dozens of cattle roaming Georgia roadway cause backups, injuries
WISN Milwaukee
Atlanta, Georgia, is known for its traffic problems but early Monday morning there were backups on one major interstate for an unusual reason. Dozens of cattle were roaming the roadway after a tractor trailer overturned. Ten of the animals died as a
Dozens of cattle roaming Georgia roadway cause backups, injuriesWTAE Pittsburgh

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Kentucky company charged with illegally moving cattle – Sacramento Bee

Federal officials say a Kentucky company has been charged with moving cattle out of state without proper veterinarian inspection.

The Lexington Herald-Leader reports that Eugene Barber & Sons Inc. has been indicted on charges of illegally moving cattle, aiding and abetting a false statement and conspiracy.

Federal prosecutors say veterinarian John M. Moran also has been indicted in the case.

Court records show Moran is accused of pre-signing paperwork certifying that cattle sold by Barber & Sons were safe without inspecting them.

Prosecutors allege Moran falsified 600 certifications for shipment of more than 60,000 cattle over state lines between 2013 and 2015.

The indictment says Moran received more than $19,000.

Court records don’t show if the Lexington-based company or Moran have lawyers to represent them in the case.

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Flipped trailer traps more than 100 head of cattle on I-30 ramp in … – Dallas News (blog)

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Dallas News (blog)

Flipped trailer traps more than 100 head of cattle on I-30 ramp in …
Dallas News (blog)
An 18-wheeler carrying 135 head of cattle trapped them inside when it overturned early Monday morning.The trailer flipped shortly after midnight,…
Tractor-Trailer Carrying Cattle Overturns In Mesquite « CBS Dallas …CBS Dallas / Fort Worth
Cattle truck overturns at I-30 and 635 in Mesquite, trapping cows …WFAA.com
More Than 100 Head of Cattle Trapped in Flipped Trailer – NBC 5 …NBC 5 Dallas-Fort Worth
FOX 4 News -CBS Baltimore
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Cattle Herds Risk `Liquidation' as Canada Hay Costs Double … – Bloomberg

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In The Cattle Markets: Lots of Down-Side Risk Ahead – Drovers Magazine

Labor Day is upon us, at least from the perspective of retailers needing to secure beef volume for sales and featuring. The beef complex look ready to drift lower as, after this holiday, the seasonality in demand will wain and the seasonality in production will continue to escalate.  Slaughter weights have continued their increases during the summer and will likely continue into the fall until the peak around October. The volume of cattle on feed over 90 and over 120 days continue to the high compared to last year and prior years. Fed cattle marketing were strong through June as revealed by the last month’s Cattle on Feed report and appear to be strong through July – especially heifers – as revealed by July’s weekly Livestock Slaughter reports.  There does not appear to be an emerging problem with supplies but the steady seasonal increase in beef volume will continue. We have also seen strong volumes of beef cow slaughter through this summer in response to the drought in the southern plains. As a consequence, hamburger prices were very weak through the summer. Perhaps this slaughter will moderate during the fall calf run. But improvements in hamburger prices are unlikely with the prospective increases in beef trimming volumes.

Events in substitute meat markets and trade demand also appear unlikely to provide substantial relief for beef prices. Pork production will be up a solid 5% this coming fourth quarter with consumption up a likely 2.5%. Poultry production and consumption are forecasted to be up moderately but the main word to focus on is, “up” from the prior year. Beef exports have been solid through the summer and if they continue through the fall then this could result in about an additional 40 million pounds per month removed from the domestic markets this year compared to last. This is a little less than 2% of typical monthly production during fourth quarter months.  Forecasts of beef production during the fourth quarter are to be up better than 3%.

In the end, there appears to be a lot of sources of downside risk and little potential for improved prices.

The Markets

The bullish signals from last month are at an end. Aggressive sales are warranted with multiple sell signals in all feeder cattle contracts. All of the fall feeder cattle contracts rallied through much of the summer and have run into resistance established last February. Further, any trend line established through the summer rally is now broken. Thus, resistance held and any up-trend was broken: sell and sell. On top of that, October and November show textbook head and shoulders top patterns. Live cattle do not reveal as decisive signals. October and December have rallied the last two months off of lows established in May.  $112 looks like hard resistance for October and $116 for December. Volatility this past summer doesn’t allow for a clean textbook up-trend but, if there is one, it’s not broken yet. The next week or two will tell.

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Texas cattle groups dispute over tick treatment ban – Charlotte Observer

Texas ranchers and several government agencies say a recent decision to ban a tool to treat a deadly tick could put cattle at risk.

The Waco Tribune-Herald reports that Texas Agriculture Commissioner Sid Miller last month halted the use of 15 cattle fever tick spray boxes in South Texas for lacking ventilation. The boxes spray livestock with a chemical to eliminate ticks that spread bovine babesiosis.

The Texas Animal Health Commission says the disease kills 90 percent of the animals it infects. The commission has identified nearly 920 cattle exposed to fever ticks in 82 counties since September 2016.

Commission Director Andy Schwartz says the boxes allow safe treatment.

But a spokesman for the Texas Farm Bureau says cattle are in jeopardy and cattle raisers need a short-term solution.

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Commissioner Sid Miller cracks down on cattle spray boxes citing … – Bryan-College Station Eagle

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Bryan-College Station Eagle

Commissioner Sid Miller cracks down on cattle spray boxes citing …
Bryan-College Station Eagle
Texas Agriculture Commissioner Sid Miller on Thursday urged state and federal agencies to work with him to address the possible misuse of the pesticide, …
Texas intervenes in pitched cattle tick fight – Brownsville Herald …Brownsville Herald

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