This week’s analysis comes from the Livestock Marketing Information Center (LMIC). LMIC is comprised of member Land Grant Universities and agencies across the U.S., including me as the representative from MSU. We have discussed Mississippi price seasonality before (see HERE and HERE). The information below is pulled from a much longer price series in Western Kansas than is available in Mississippi. … Continue reading
Placements into feedlots during March were lower than they were during March of 2017. While this was anticipated, it breaks a run of 12 consecutive months of placement increases. Placements were 9.3 percent lower than during March 2017. This is not an indication of fewer total cattle supplies, but rather are a confirmation of the change in feedlot timing in recent months. … Continue reading
China announced last week that U.S. beef is one of the many products on which they will increase tariffs by 25 percentage points. The tariffs would raise the current tariff on U.S. beef products from 12 percent to 37 percent (see more details here). This is all part of the ongoing trade tit-for-tat in which the U.S. … Continue reading
Mississippi Farm Bureau and Mississippi State Extension Service are teaming up to host a Livestock Marketing Risk Management workshop on April 24, 2018. This workshop is designed to provide ranchers, livestock producers and others engaged in the livestock sector with an introduction to tools for managing marketing risks. This workshop will focus on budgeting and break-even analysis, … Continue reading
The latest Cattle on Feed report released last Friday continued the trend of larger placements and a larger number of cattle on feed. Placements were 7.3% or about 123,000 head greater in February 2018 as compared to February 2017. Meanwhile, marketings were up only 1.6% above year-over-year. The report showed a total of about 11.7 million head of cattle on feed in feedlots with at least 1,000 head capacity. … Continue reading
The trend over the past month in feeder cattle futures prices has been negative (bearish) for the April, May, and August contracts. This follows a month-long increasing (bullish) trend to start 2018.
A quick futures refresher: the prices associated with each contract above come from the futures market. Futures contracts are exactly what the name implies: a contract for something at some point in the future. … Continue reading
Wherever you get your news, you likely couldn’t avoid hearing a particular T word last week: tariffs. On the heels of the announcement that the U.S. will impose a 25 percent tariff on steel imports and a 10 percent tariff on aluminum imports, many prognosticators were taking sides on the impact the tariffs would have on businesses and consumers. … Continue reading
The boxed beef cutout value added to its rally with another strong week last week. The weekly weighted average for choice beef was $221.18. This is up $4.65 over the previous week and up nearly $13 over two weeks ago. As you can see in the chart above, 2018 value has been above 2017 values for every week so far. … Continue reading
It’s time for another Environmental Economics & Management (EEM) alumni spotlight. Today’s featured alumna is Chloe Cantor! We recently exchanged a few emails and here’s what she’s up to these days…
What’s your name, and what year did you graduate?
My name is Chloe Cantor, and I graduated in 2015.
Where do you currently work, … Continue reading
The latest cattle on feed report showed that 11.6 million head of cattle were on feed as of February 1, 2018. This is the largest total since March of 2012. This is 848,000 more head of cattle than were on feed on the same date last year — a 7.9 percent increase.
The biggest surprise came (again) from the placements numbers. … Continue reading