Cattle Situation and Outlook

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "Cattle Situation and Outlook"

Transcription

1 Photo courtesy of Judy Jacobson, Watford City Cattle Situation and Outlook Tim Petry Livestock Economist September 19, 2016 outlook pptx

2 Record Breaking Prices! 2014 A Year to Remember STARS ALIGNED PERFECTLY MED. FRAME #1 STEER CALF PRICES Pounds, N.D., Weekly JAN APR JUL OCT

3 HIGHLIGHTS Short Supply Feeder cattle supply tight Heifers retained Beef production down 6% Steer slaughter 3% Heifer slaughter 9% Beef cow slaughter 18% Dairy cow slaughter 10% Good Demand Beef exports strong Quantity same Value up 16% By-product value record high Domestic demand improving Economy Lower pork/poultry production than expected Record corn crop, improved pasture conditions

4 What Happened?

5

6 WHAT HAPPENED? 2015 Record pork production Record chicken production Beef, pork, chicken exports struggling High $US value West Coast dock workers Bird flu Russia & world unrest Byproducts Record cold storage meat stocks Chinese/World Economics U.S. Stock Market Continued short cattle supply, but increasing Lower gas prices

7 WASDE U.S. Meat Production and Prices Change from forecast Change from forecast Change from 2016 Production Billion Pounds Percent Pounds Percent Pounds Percent Beef Pork Broilers Turkey Total meat Prices Dollars/cwt Dollars/cwt Steers Hogs Cents/lb Cents/lb Broilers Turkey Sept. 12, 2016

8 U.S. Ranking in World Production Exports Beef 1 4 Pork 2 1 Chicken 1 2 Turkey 1 1 Eggs 2 2

9 I-N-16 09/07/16 I-N-50 09/07/16 Data Source: USDA-ERS & USDA-FAS, Livestock Marketing Information Center

10 Mil. Pounds US BEEF AND VEAL IMPORTS Carcass Weight, Monthly JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC Avg Data Source: USDA-ERS & USDA-FAS Livestock Marketing Information Center I-N-15 09/07/16

11 Thou. Head 90 BEEF COW SLAUGHTER Federally Inspected, Weekly JAN APR JUL OCT Avg Data Source: USDA-AMS & USDA-NASS Livestock Marketing Information Center C-S-34 09/16/16

12 Mil. Head 140 TOTAL CATTLE INVENTORY BY CYCLE U.S., January Data Source: USDA-NASS Livestock Marketing Information Center C-N-40 02/01/16

13

14 U.S. Drought Monitor August 5, 2014 August 6, 2013 August 7, 2012 August 2, 2011

15

16 Percent 40 US RANGE AND PASTURE CONDITION Percent Poor and Very Poor, Weekly May Jul Sep Avg Data Source: USDA-NASS, Compiled & Analysis by LMIC Livestock Marketing Information Center G-NP-30 08/29/16

17 CHANGE IN BEEF COWS NUMBERS JANUARY 1, 2015 TO JANUARY 2016 (1000 Head) U.S. Total: 1029 Livestock Marketing Information Center Data Source: USDA-NASS 2/5/2016

18 C-N-38 02/01/16 C-N-30 02/01/16 Livestock Marketing Information Center; Data Source: USDA/NASS

19 HEIFERS HELD AS BEEF COW REPLACEMENTS January 1, ND Thousand Head

20 Data Source: USDA-AMS & USDA-NASS - Livestock Marketing Information Center C-S-18 09/16/16

21 How much expansion is needed? 60 Cow Inventory and Beef Production Million Head Billion Pounds Source: USDA compiled by LMIC Cow Inventory Beef Production

22 Average Net Return to Labor and Management Per Beef Cow N.D. Farm Business Mgmt., Excluding Red River Valley Average Projected High 20% Low 20%

23 NOV FC vs. DEC CORN

24 NOV FC VS DEC CORN

25 MED. FRAME #1 STEER CALF PRICES Pounds, N.D., Weekly JAN APR JUL OCT Ave

26 MED. & LRG. #1 FEEDER STEER PRICES Pounds, N.D., Weekly JAN APR JUL OCT 2017 Futures 2016 Futures Ave

27 SF_LS750 Sioux Falls, SD Wed Sep 14, 2016 USDA-ND Dept of Ag Market News Feeder Steers Medium and Large 1 Head Wt Range Avg Wt Price Range Avg Price Fleshy Fancy West Fargo Stockyards - West Fargo, ND Feeder Cattle Weighted Average Report for 09/14/2016 Receipts: 1307 Last Week: N/A Year Ago: N/A No recent comparables for trend comparison. Annual "Big Iron" sale here at West Fargo Stock Yards saw an attractive offering of yearlings and a few calves. Yearlings were largely in off grass and in ight to moderate flesh. Demand mostly moderate. Included in the run were 47 percent steers, and 53 percent heifers. 88 percent over 600lbs.

28 SF_LS750 Sioux Falls, SD Wed Sep 14, 2016 USDA-ND Dept of Ag Market News West Fargo Stockyards - West Fargo, ND Feeder Cattle Weighted Average Report for 09/14/2016 Receipts: 1307 Last Week: N/A Year Ago: N/A Feeder Heifers Medium and Large 1 Head Wt Range Avg Wt Price Range Avg Price Thin Fleshed

29 Premiums likely (but not consistent) for: Verified shots (ND VIP) Natural (no antibiotics or implants) Source/age verified Weaned Bovine Viral Diarrhea persistently infected (BVD-PI) tested negative Beef Quality Assurance (BQA) Replacement quality heifers * Check with your market before selling

30 CME Feeder Cattle Index 16% 21% 19% 22% 10% 9/1/05 12/1/05 3/1/06 6/1/06 9/1/06 12/1/06 3/1/07 6/1/07 9/1/07 12/1/07 3/1/08 6/1/08 9/1/08 12/1/08 3/1/09 6/1/09 9/1/09 12/1/09 3/1/10 6/1/10 9/1/10 12/1/10 3/1/11 6/1/11 9/1/11 12/1/11 3/1/12 6/1/12 9/1/12 12/1/12 3/1/13 6/1/13 9/1/13 12/1/13 3/1/14 6/1/14 9/1/14 12/1/14 3/1/15 6/1/15 9/1/15 12/1/15 3/1/16 6/1/16 9/1/16 17% 19% 0% 10% 7% 23%?

31 175 $ Per Cwt SLAUGHTER STEER PRICES 5 Market Weighted Average, Weekly JAN APR JUL OCT Avg Fut 2016 Fut 2017

32 Fed Cattle Price Predicament C-P-39 01/04/16 M-S-09 01/22/16 C-S-18 06/24/16 Data Source: USDA-AMS & USDA-NASS Livestock Marketing Information Center

33 Competing Meats H-P-09 09/12/16 P-P-01 09/12/16 Data Source: USDA-AMS Livestock Marketing Information Center S-P-05 09/12/16

34 C-P-62 09/12/16 M-P-24 09/12/16 Data Source: USDA-AMS Livestock Marketing Information Center

35 $ Per Cwt SLAUGHTER COW PRICES 85-90% Lean, Weekly JAN APR JUL OCT Avg Livestock Marketing Information Center Data Source: USDA-AMS C-P-35 01/04/16

36 $ Per Cwt AVERAGE ANNUAL CATTLE PRICES lb Steer Calves lb Feeder Steers Fed Steers Data Source: USDA-AMS, Compiled and Forecasts by LMIC Livestock Marketing Information Center C-P-06 09/02/16

37 Price Risk Management Tools Cash forward contract Video and internet auctions CME futures CME options Livestock Risk Protection (LRP) Livestock Gross Margin (LGM) Which one or combination fits your marketing plan?

38 Year Coverage Price Fall Steer Calf LRP Results Premium Actual Price LRP Payment LRP Profit July 15 to Nov 15 (17 wk)

39 SF_LS766 Sioux Falls, SD Thu Nov 12, 2015 USDA-ND Dept of Ag Market News Stockmans Livestock Exchange Feeder Cattle Weighted Average Report for 11/12/2015 Receipts: 4101 Last Week: 4762 Year Ago: 4553 Feeder Steers Medium and Large 1 Head Wt Range Avg Wt Price Range Avg Price Calves Calves Calves

40 Volatile Prices Will Continue! Questions!

Beef Cattle Outlook Dr. Curt Lacy Extension Economist-Livestock

Beef Cattle Outlook Dr. Curt Lacy Extension Economist-Livestock Beef Cattle Outlook Dr. Curt Lacy Extension Economist-Livestock Georgia Grazing School August 7-8, 2013 Athens, GA www.georgiaforages.com August 8-9, 2013 Athens, GA www.deepsouthstocker.com Current Situation

More information

U.S. Cattle History, Cycles and Trends

U.S. Cattle History, Cycles and Trends Breimyer Seminar July 17, 2013 U.S. Cattle History, Cycles and Trends Ron Plain, Ph.D. D. Howard Doane Professor Dept. of Agricultural & Applied Economics University of Missouri-Columbia http://web.missouri.edu/~plainr/

More information

Weekly Live Cattle Contract Monthly Live Cattle Contract Weekly Feeder Cattle Contract Monthly Feeder Cattle Contract

Weekly Live Cattle Contract Monthly Live Cattle Contract Weekly Feeder Cattle Contract Monthly Feeder Cattle Contract Weekly Live Cattle Contract Monthly Live Cattle Contract Weekly Feeder Cattle Contract Monthly Feeder Cattle Contract 1 Cattle Outlook Fed cattle market will trend down: Domestic demand was strong. International

More information

Beef and Pork Economic Climate and Outlook. Andrew P. Griffith Assistant Extension Professor Livestock Economist

Beef and Pork Economic Climate and Outlook. Andrew P. Griffith Assistant Extension Professor Livestock Economist Beef and Pork Economic Climate and Outlook Andrew P. Griffith Assistant Extension Professor Livestock Economist Market Situation Global U.S. Economy Agriculture Cattle and Hog Industry 2.5 2.0 1.5 1.0

More information

By Anne Wasko Gateway Livestock, Market Analyst

By Anne Wasko Gateway Livestock, Market Analyst @AnneDunford By Anne Wasko Gateway Livestock, Market Analyst June 2014 J/98 J/99 J/00 J/01 J/02 J/03 J/04 J/05 J/06 J/07 J/08 J/09 J/10 J/11 J/12 J/13 J/14 US $/cwt $160 US Fed Steer Price $140 $120 $100

More information

Beef and Cattle --- Market Situation and Outlook. AAEA Extension Livestock Outlook Session, July 30, 2007

Beef and Cattle --- Market Situation and Outlook. AAEA Extension Livestock Outlook Session, July 30, 2007 Beef and Cattle --- Market Situation and Outlook AAEA Extension Livestock Outlook Session, July 3, James Robb Director LMIC 655 Parfet Street Suite E31 Lakewood, CO 8215-5517 www.lmic.info $ Per Cwt. 83

More information

Beef Cattle Market Outlook

Beef Cattle Market Outlook Beef Cattle Market Outlook By Anne Wasko Market Analyst June 2016 @AnneWasko Expansion in the US but not in Canada SUPPLY STORY 80 83 86 89 92 95 98 01 04 07 10 13 16 Million Head US beef cow herd added

More information

Hog and Poultry Price Outlook

Hog and Poultry Price Outlook AAEA Extension Livestock Outlook Symposium Hog and Poultry Price Outlook Ron Plain Professor of Agricultural Economics University of Missouri-Columbia www.ssu.missouri.edu/faculty/rplain Growth in World

More information

Calf Marketing: Capturing the Greatest Value from a Weaned Calf. Dillon M Feuz Utah State University Extension Specialist

Calf Marketing: Capturing the Greatest Value from a Weaned Calf. Dillon M Feuz Utah State University Extension Specialist Calf Marketing: Capturing the Greatest Value from a Weaned Calf Dillon M Feuz Utah State University Extension Specialist Cattle ranching has always been a challenging and risky operation. Producers deal

More information

Historical Cattle and Beef Prices, Seasonal Patterns, and Futures Basis for Nebraska,

Historical Cattle and Beef Prices, Seasonal Patterns, and Futures Basis for Nebraska, PHREC 05-21 Historical Cattle and Beef Prices, Seasonal Patterns, and Futures Basis for Nebraska,1960-2004 by Dillon M. Feuz Paul A. Burgener University of Nebraska, Cooperative Extension Institute of

More information

Analysis & Comments. Cattle Markets: Review of 2015 and Outlook

Analysis & Comments. Cattle Markets: Review of 2015 and Outlook Analysis & Comments Livestock Marketing Information Center State Extension Services in Cooperation with USDA January 5, 2016 Letter # 1 www.lmic.info Cattle Markets: Review of 2015 and Outlook As 2015

More information

US Imported Beef Market A Weekly Update

US Imported Beef Market A Weekly Update US Imported Beef Market A Weekly Update Prepared Exclusively for Meat & Livestock Australia - Sydney Volume XVI, Issue 24 June 29, 2016 Prepared by: Steiner Consulting Group SteinerConsulting.com 800-526-4612

More information

Analysis & Comments. Cattle Prices: Situation and Outlook. Livestock Marketing Information Center State Extension Services in Cooperation with USDA

Analysis & Comments. Cattle Prices: Situation and Outlook. Livestock Marketing Information Center State Extension Services in Cooperation with USDA Analysis & Comments Livestock Marketing Information Center State Extension Services in Cooperation with USDA January 16, 2015 Letter #1 www.lmic.info Cattle Prices: Situation and Outlook A near perfect

More information

Managing Financial and Market Risk. Dr. Curt Lacy Extension Economist-Livestock

Managing Financial and Market Risk. Dr. Curt Lacy Extension Economist-Livestock Managing Financial and Market Risk Dr. Curt Lacy Extension Economist-Livestock Let s talk about risk It is NOT uncertainty! It is the negative outcome associated with an unforeseen event. Good risk managers

More information

Median and Average Sales Prices of New Homes Sold in United States

Median and Average Sales Prices of New Homes Sold in United States Jan 1963 $17,200 (NA) Feb 1963 $17,700 (NA) Mar 1963 $18,200 (NA) Apr 1963 $18,200 (NA) May 1963 $17,500 (NA) Jun 1963 $18,000 (NA) Jul 1963 $18,400 (NA) Aug 1963 $17,800 (NA) Sep 1963 $17,900 (NA) Oct

More information

Relationships Affecting the Choice-Select Spread. Curt Lacy Extension Economist-Livestock University of Georgia

Relationships Affecting the Choice-Select Spread. Curt Lacy Extension Economist-Livestock University of Georgia Relationships Affecting the Choice-Select Spread Curt Lacy Extension Economist-Livestock University of Georgia Overview Factors that affect the Choice-Select Spread Short-term and long-term implications

More information

National Renderers Association October 25, 2012

National Renderers Association October 25, 2012 National Renderers Association October 25, 2012 Source: USDA/FAS Down 500,000 Down 950,000 Down 480,000 2012-330,000 Head 2013-550,000 Head 2014-600,000 Head 2015-100,000 Head 2013F down 480,000 2014F

More information

CATTLE MARKET SITUATION AND OUTLOOK

CATTLE MARKET SITUATION AND OUTLOOK CATTLE MARKET SITUATION AND OUTLOOK John D. Lawrence and Shane Ellis Extension Livestock Economists Iowa State University. Ames, IA Introduction The US beef market has survived a roller coaster ride in

More information

A Livestock Sector Crossroads?

A Livestock Sector Crossroads? A Livestock Sector Crossroads? 2014 Agricultural Symposium Kansas City Federal Reserve July 15-16, 2014 Derrell S. Peel Breedlove Professor of Agribusiness and Extension Livestock Marketing Specialist

More information

Using Futures, Options or LRP Insurance to Manage Feeder Cattle Price Risk

Using Futures, Options or LRP Insurance to Manage Feeder Cattle Price Risk Using Futures, Options or LRP Insurance to Manage Feeder Cattle Price Risk Dillon M. Feuz - Utah State University and John P. Hewlett University of Wyoming Understanding Risk In Agricultural Prices Wyoming

More information

The Fall Run: Cull Cows & Trading Calves

The Fall Run: Cull Cows & Trading Calves Canfax Research Services A Division of the Canadian Cattlemen s Association Publication Sponsored by: A lot happens during the fall run and the decisions made now determine if a cow/calf operation is profitable

More information

Where are we in the Cattle Cycle?

Where are we in the Cattle Cycle? Where are we in the Cattle Cycle? January 2016 Brenna Grant Canfax Research Services Over the next five years will the beef industry be the pot at the end of the rainbow? 09 10 11 12 13 14 15 US $ per

More information

HOSPIRA (HSP US) HISTORICAL COMMON STOCK PRICE INFORMATION

HOSPIRA (HSP US) HISTORICAL COMMON STOCK PRICE INFORMATION 30-Apr-2004 28.35 29.00 28.20 28.46 28.55 03-May-2004 28.50 28.70 26.80 27.04 27.21 04-May-2004 26.90 26.99 26.00 26.00 26.38 05-May-2004 26.05 26.69 26.00 26.35 26.34 06-May-2004 26.31 26.35 26.05 26.26

More information

Ontario Beef Industry Situation and Outlook. FarmSmart Steve Duff Chief Economist OMAFRA

Ontario Beef Industry Situation and Outlook. FarmSmart Steve Duff Chief Economist OMAFRA Ontario Beef Industry Situation and Outlook FarmSmart Steve Duff Chief Economist OMAFRA United States market situation Overview Canadian & Ontario market situation Ontario market outlook 2 USA Market Situation

More information

Mexican Beef and Cattle Production and Trade: Current Situation and Implications for Coming Years

Mexican Beef and Cattle Production and Trade: Current Situation and Implications for Coming Years Mexican Beef and Cattle Production and Trade: Current Situation and Implications for Coming Years Derrell S. Peel Breedlove Professor of Agribusiness Oklahoma State University Evolution of U.S.-Mexican

More information

Cattle Price Seasonality

Cattle Price Seasonality Managing for Today s Cattle Market and Beyond March 2002 Cattle Price Seasonality By Derrell Peel, Oklahoma State University Steve Meyer, Livestock Marketing Information Center Introduction Seasonal price

More information

Buy/Sell Margins Calculator

Buy/Sell Margins Calculator AE 04-45 Buy/Sell Margins Calculator Version 3.11 User s Guide Emmit Rawls Professor Agricultural Extension Service Agricultural Economics Kevin Ferguson Area Specialist Agricultural Extension Service

More information

Agricultural Cycles: Livestock Market Assessment and Long Term Prospective (Beef Cattle and Hogs)

Agricultural Cycles: Livestock Market Assessment and Long Term Prospective (Beef Cattle and Hogs) Agricultural Cycles: Livestock Market Assessment and Long Term Prospective (Beef Cattle and Hogs) By Lee Schulz Assistant Professor/Extension Livestock Economist, Iowa State University In the current economic

More information

Using the Futures Market to Predict Prices and Calculate Breakevens for Feeder Cattle Kenny Burdine 1 and Greg Halich 2

Using the Futures Market to Predict Prices and Calculate Breakevens for Feeder Cattle Kenny Burdine 1 and Greg Halich 2 Introduction Using the Futures Market to Predict Prices and Calculate Breakevens for Feeder Cattle Kenny Burdine 1 and Greg Halich 2 AEC 2013-09 August 2013 Futures markets are used by cattle producers

More information

The Losses From BSE in Canada

The Losses From BSE in Canada The Losses From BSE in Canada Danny G. LeRoy Kurt Klein Tatiana Klvacek February 11, 26 Toronto, Ontario Overview 1. Brief history of BSE in Canada. 2. Characterization of losses from May 2, 23 to May

More information

THE UNIVERSITY OF BOLTON

THE UNIVERSITY OF BOLTON JANUARY Jan 1 6.44 8.24 12.23 2.17 4.06 5.46 Jan 2 6.44 8.24 12.24 2.20 4.07 5.47 Jan 3 6.44 8.24 12.24 2.21 4.08 5.48 Jan 4 6.44 8.24 12.25 2.22 4.09 5.49 Jan 5 6.43 8.23 12.25 2.24 4.10 5.50 Jan 6 6.43

More information

Beef Premiums and Discounts

Beef Premiums and Discounts Beef Premiums and Discounts An Update of 5-Area Cattle and Beef Quality Premiums and Discounts March 2012 Matthew A. Herrington (Graduate Student, Kansas State University) Glynn T. Tonsor (Kansas State

More information

Historical & Projected Returns, Marketing & Risk Management, Financing & Investment

Historical & Projected Returns, Marketing & Risk Management, Financing & Investment Custom Feeding or Cattle Feeders Historical & Projected Returns, Marketing & Risk Management, Financing & Investment Karl Hoppe NDSU Carrington Research Extension Center Rockford Feeders Closeouts Closeout

More information

FUTURES TRADING OF LIVE BEEF CATTLE (HEDGING) by Clarence C. Bowen

FUTURES TRADING OF LIVE BEEF CATTLE (HEDGING) by Clarence C. Bowen ESM 481 FUTURES TRADING OF LIVE BEEF CATTLE (HEDGING) by Clarence C. Bowen Cooperative Extension Service Department of Agricultural Economics & Rural Sociology The Ohio State University September, 1972

More information

Using Futures Markets to Manage Price Risk for Feeder Cattle (AEC 2013-01) February 2013

Using Futures Markets to Manage Price Risk for Feeder Cattle (AEC 2013-01) February 2013 Using Futures Markets to Manage Price Risk for Feeder Cattle (AEC 2013-01) February 2013 Kenny Burdine 1 Introduction: Price volatility in feeder cattle markets has greatly increased since 2007. While

More information

Figure 1 Total U.S. cattle and calves, real net returns per cow, and per capita beef and veal consumption, 1910-98 Million head/pounds per capita 140 120 100 80 60 Real net cash returns ($ per cow) Per

More information

Basis The Cash Futures Relationship

Basis The Cash Futures Relationship Agricultural Commodity Marketing: Futures, Options, Insurance Basis The Cash Futures Relationship By: Dillon M. Feuz Utah State University Funding and Support Provided by: Fact Sheets Knowing and Managing

More information

THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S.

THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S. THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S. GOVERNMENT POLICY Required Report - public distribution Date: GAIN Report

More information

Livestock Marketing and Risk Management

Livestock Marketing and Risk Management April 2013 AG/AppliedEconomics/2013-01pr Livestock Marketing and Risk Management Dillon M. Feuz, Bridger Feuz and Ryan Feuz Contents Volatility in the Market Prices 1 Over Time 2 Across Markets 4 Across

More information

COMPARISON OF FIXED & VARIABLE RATES (25 YEARS) CHARTERED BANK ADMINISTERED INTEREST RATES - PRIME BUSINESS*

COMPARISON OF FIXED & VARIABLE RATES (25 YEARS) CHARTERED BANK ADMINISTERED INTEREST RATES - PRIME BUSINESS* COMPARISON OF FIXED & VARIABLE RATES (25 YEARS) 2 Fixed Rates Variable Rates FIXED RATES OF THE PAST 25 YEARS AVERAGE RESIDENTIAL MORTGAGE LENDING RATE - 5 YEAR* (Per cent) Year Jan Feb Mar Apr May Jun

More information

COMPARISON OF FIXED & VARIABLE RATES (25 YEARS) CHARTERED BANK ADMINISTERED INTEREST RATES - PRIME BUSINESS*

COMPARISON OF FIXED & VARIABLE RATES (25 YEARS) CHARTERED BANK ADMINISTERED INTEREST RATES - PRIME BUSINESS* COMPARISON OF FIXED & VARIABLE RATES (25 YEARS) 2 Fixed Rates Variable Rates FIXED RATES OF THE PAST 25 YEARS AVERAGE RESIDENTIAL MORTGAGE LENDING RATE - 5 YEAR* (Per cent) Year Jan Feb Mar Apr May Jun

More information

NAV HISTORY OF DBH FIRST MUTUAL FUND (DBH1STMF)

NAV HISTORY OF DBH FIRST MUTUAL FUND (DBH1STMF) NAV HISTORY OF DBH FIRST MUTUAL FUND () Date NAV 11-Aug-16 10.68 8.66 0.38% -0.07% 0.45% 3.81% 04-Aug-16 10.64 8.66-0.19% 0.87% -1.05% 3.76% 28-Jul-16 10.66 8.59 0.00% -0.34% 0.34% 3.89% 21-Jul-16 10.66

More information

March 31, 2016. Cattle and Beef Prices

March 31, 2016. Cattle and Beef Prices March 31, 2016 Through the first quarter of 2016, cattle markets and prices are stronger than through the third and fourth quarters of 2015. Although not at the record high levels observed in 2014 and

More information

BEEF CATTLE MARKETING IN NORTH CAROLINA

BEEF CATTLE MARKETING IN NORTH CAROLINA BEEF CATTLE MARKETING IN NORTH CAROLINA Geoff Benson 1, Dale Miller 2, and Richard Lichtenwalner 2 Introduction Profitable management and marketing decisions require reliable information about cattle prices.

More information

Measuring Beef Demand

Measuring Beef Demand Measuring Beef Demand James Mintert, Ph.D. Professor & Extension State Leader Department of Agricultural Economics Kansas State University www.agmanager.info/livestock/marketing jmintert@ksu.edu A Picture

More information

Agricultural Commodity Marketing: Futures, Options, Insurance

Agricultural Commodity Marketing: Futures, Options, Insurance Agricultural Commodity Marketing: Futures, Options, Insurance By: Dillon M. Feuz Utah State University Funding and Support Provided by: On-Line Workshop Outline A series of 12 lectures with slides Accompanying

More information

LGM-Dairy: What is it? New Livestock Gross Margin for Dairy Insurance

LGM-Dairy: What is it? New Livestock Gross Margin for Dairy Insurance Dairy Price Risk Management Livestock Gross Margin for Dairy (LGM-Dairy) Victor E. Cabrera Assistant Professor Extension Dairy Specialist Dairy Science Department Brian W. Gould Associate Professor Ag

More information

Corn Prices and Cattle Feeding Where to From Here?

Corn Prices and Cattle Feeding Where to From Here? 1913 1917 1921 1925 1929 1933 1937 1941 1945 1949 1953 1957 1961 1965 1969 1973 1977 1981 1985 1989 1993 1997 2001 2005 2009 Corn Prices and Cattle Feeding Where to From Here? Dr. Tom Elam, President,

More information

By Tom Leffler and Larry Glenn

By Tom Leffler and Larry Glenn www.lefflercom.com Friday, April 29, 2016 By Tom Leffler and Larry Glenn TODAY S THOUGHT Motivation is what gets you started. Habit is what keeps you going IMPORTANT SURVEY: Let Larry or I know if you

More information

Commodity Futures and Options

Commodity Futures and Options Understanding Commodity Futures and Options for Producers of Livestock and Livestock Products CIS 1100 The Authors Larry D. Makus, C. Wilson Gray and Neil R. Rimbey* Introduction Risk associated with an

More information

Relationships Affecting the Choice-Select Spread

Relationships Affecting the Choice-Select Spread Relationships Affecting the Choice-Select Spread R. Curt Lacy Extension Economist - Livestock and Assistant Professor University of Georgia Tifton, GA Introduction There has been considerable concern in

More information

Canada Report & Outlook

Canada Report & Outlook Canada Report & Outlook Canada Generally stable economy Strong financial system Stable Political Environment with a majority Conservative Government Committed to regulatory modernization, trade, and innovation

More information

The U.S. Cattle Cycle and Calf Prices

The U.S. Cattle Cycle and Calf Prices The U.S. Cattle Cycle and Calf Prices Gary Brester MSU Department of Agricultural Economics and Economics Montana Nutrition Conference 215 Bozeman, MT April 28, 215 1 OUTLINE 1. World Beef Markets 2. U.S.

More information

Part Three Major Opportunities Exist for U.S. and Canadian Beef Producers For (1) Those Who Start Paying Much Closer Attention to What Consumers are

Part Three Major Opportunities Exist for U.S. and Canadian Beef Producers For (1) Those Who Start Paying Much Closer Attention to What Consumers are Part Three Major Opportunities Exist for U.S. and Canadian Beef Producers For (1) Those Who Start Paying Much Closer Attention to What Consumers are Spending Their Stretched Protein Dollars on and Why

More information

AT&T Global Network Client for Windows Product Support Matrix January 29, 2015

AT&T Global Network Client for Windows Product Support Matrix January 29, 2015 AT&T Global Network Client for Windows Product Support Matrix January 29, 2015 Product Support Matrix Following is the Product Support Matrix for the AT&T Global Network Client. See the AT&T Global Network

More information

S&P Year Rolling Period Total Returns

S&P Year Rolling Period Total Returns S&P 500 10 Year Rolling Period Total Returns Summary: 1926 June 2013 700% 600% 500% 400% 300% 200% 100% 0% 100% Scatter chart of all 931 ten year periods. There were 931 ten year rolling periods from January

More information

Beef Cow/Calf Marketing

Beef Cow/Calf Marketing 4/6/2015 Beef Cow/Calf Marketing Workshop #8 Scott Clawson NE Area Ag Econ Beef Cow/Calf Marketing Fact or Fiction: As CC producers, we are trying to market forage to the best use and value. The limiting

More information

In today s farming. Using Futures Markets to Manage Price Risk in Feeder Cattle Operations. Introduction W 320A

In today s farming. Using Futures Markets to Manage Price Risk in Feeder Cattle Operations. Introduction W 320A W 320A Using Futures Markets to Manage Price Risk in Feeder Cattle Operations Andrew P. Griffith Assistant Professor & Extension Economist- Livestock University of Tennessee R. Curt Lacy Associate Professor

More information

Managing Cattle Price Risk with Futures and Options Contracts

Managing Cattle Price Risk with Futures and Options Contracts Managing Cattle Price Risk with Futures and Options Contracts Dr. John Lawrence, Extension Livestock Economist and Associate Professor, Iowa State University Department of Economics Alexander H. Smith,

More information

Suffolk County Market Updates

Suffolk County Market Updates Suffolk County Market Updates November 2016 Closed Median Sale Price........ 2 Pending Median Sale Price........ 3 Number of Closed ly Transactions........ 4 Number of Pending ly Transaction........ 5

More information

Livestock Risk Protection

Livestock Risk Protection E-335 RM4-12.0 10-08 Risk Management Livestock Risk Protection Livestock Risk Protection (LRP) insurance is a single-peril insurance program offered by the Risk Management Agency (RMA) of USDA through

More information

Moove Over: Will New Government-Sponsored Dairy Margin Insurance Crowd Out Private Market Risk Management Tools?

Moove Over: Will New Government-Sponsored Dairy Margin Insurance Crowd Out Private Market Risk Management Tools? Moove Over: Will New Government-Sponsored Dairy Margin Insurance Crowd Out Private Market Risk Management Tools? Christopher A. Wolf, Marin Bozic, John Newton, and Cameron S. Thraen AAEA Crop Insurance

More information

Impact of U.S. Ethanol Fuel Policy on Feed & Food Prices AMI Foundation 2008 Environmental Conference,

Impact of U.S. Ethanol Fuel Policy on Feed & Food Prices AMI Foundation 2008 Environmental Conference, Impact of U.S. Ethanol Fuel Policy on Feed & Food Prices AMI Foundation 2008 Environmental Conference, June 5-6, 2008 Kansas City Ron Plain, Ph.D. D. Howard Doane Professor Dept of Agricultural Economics

More information

Livestock Risk Protection Insurance: How Does It Work

Livestock Risk Protection Insurance: How Does It Work Livestock Risk Protection Insurance: How Does It Work James Mintert, Ph.D. Professor & Extension State Leader Department of Agricultural Economics Kansas State University www.agmanager.info/livestock/marketing

More information

2013 World Grain Outlook

2013 World Grain Outlook 2013 World Grain Outlook Presented by: John Roach February 18, 2013 Disclaimer: Futures/options trading involves substantial risk of loss and trading may not be suitable for all investors. You should fully

More information

COE BIDDING RESULTS 2009 Category B Cars >1600 cc

COE BIDDING RESULTS 2009 Category B Cars >1600 cc Quota System A COE BIDDING RESULTS 2009 B Jan-2009 Quota 1,839 1,839 1,100 1,099 274 268 409 411 767 758 Successful bids 1,784 1,832 1,100 1,097 274 260 401 386 763 748 Bids received 2,541 2,109 1,332

More information

Sailing Option 1. Day Trip Timetable: Poole to Guernsey. Colour Key Time XX:XX = Fast Ferry. Time XX:XX = Commodore Clipper.

Sailing Option 1. Day Trip Timetable: Poole to Guernsey. Colour Key Time XX:XX = Fast Ferry. Time XX:XX = Commodore Clipper. Day Trip Timetable: Poole to Guernsey Sailing Option 1 Departure Return Sailing Date Depart Arrive Depart Arrive December 2016 Mon 19-Dec 08:00 11:00 15:10 18:10 20-Dec Wed 21-Dec 09:15 12:15 16:25 19:25

More information

The Effects of Drought and Disaster Payments on the Missouri Cattle Industry

The Effects of Drought and Disaster Payments on the Missouri Cattle Industry The Effects of Drought and Disaster Payments on the Missouri Cattle Industry July 2016 Dr. Scott Brown Assistant Extension Professor 215 Mumford Hall Columbia, MO 65211 (573) 882 3861 brownsc@missouri.edu

More information

Comparing LRP to a Put Option

Comparing LRP to a Put Option Comparing LRP to a Put Option Dr. G. A. Art Barnaby, Jr Kansas State University Phone: (785) 532-1515 Email: abarnaby@agecon.ksu.edu Check out our WEB at: AgManager.info 1 Livestock Risk Protection (LRP)

More information

Price Indices for Estimating Cattle Prices in the Pacific Northwest

Price Indices for Estimating Cattle Prices in the Pacific Northwest PNW 666 Price Indices for Estimating Cattle Prices in the Pacific Northwest C. Wilson Gray Introduction The history of the cattle industry since statistics were first collected in 1865 has been cyclical.

More information

Estimated Crush Margins for Hog Producers, 2006-2015 Lee Schulz 1 Iowa State University

Estimated Crush Margins for Hog Producers, 2006-2015 Lee Schulz 1 Iowa State University Estimated Crush Margins for Hog Producers, 2006-2015 Lee Schulz 1 Iowa State University Buying weaned pigs, corn, and soybean meal and selling hogs at discrete times throughout the year exposes wean to

More information

2012 Japan Broiler Market Situation Update and 2013 Outlook

2012 Japan Broiler Market Situation Update and 2013 Outlook THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S. GOVERNMENT POLICY Required Report - public distribution Date: GAIN Report

More information

The Outlook for the U.S. Farm Economy The decline in commodity markets Table 1. The decline in farm commodity prices and cash receipts

The Outlook for the U.S. Farm Economy The decline in commodity markets Table 1. The decline in farm commodity prices and cash receipts The Outlook for the U.S. Farm Economy Statement by Patrick Westhoff Director, Food and Agricultural Policy Research Institute at the University of Missouri (FAPRI-MU) U.S. Senate Agricultural Appropriations

More information

The Costs of Raising Replacement Heifers and the Value of a Purchased Versus Raised Replacement

The Costs of Raising Replacement Heifers and the Value of a Purchased Versus Raised Replacement Managing for Today s Cattle Market and Beyond March 2002 The Costs of Raising Replacement Heifers and the Value of a Purchased Versus Raised Replacement By Dillon M. Feuz, University of Nebraska Numerous

More information

Ethanol Usage Projections & Corn Balance Sheet (mil. bu.)

Ethanol Usage Projections & Corn Balance Sheet (mil. bu.) Ethanol Usage Projections & Corn Balance Sheet (mil. bu.) Updated 12/21/215 Historic Est. Prelim. Proj. 216-17 Year: (production/marketing) 1/ 211-12 212-13 213-14 214-15 215-16 Low Med. 4 High Yield (bu.

More information

Craig Thomas MSU-Extension Educator Dairy Farm Business Management and Milk Marketing

Craig Thomas MSU-Extension Educator Dairy Farm Business Management and Milk Marketing Livestock Gross Margin Insurance for Dairy Craig Thomas MSU-Extension Educator Dairy Farm Business Management and Milk Marketing Livestock Gross Margin Insurance for Dairy (LGM-Dairy) is a subsidized insurance

More information

Marketing Opportunities for AI Bred Heifers and AI Sired Progeny Scott Brown University of Missouri

Marketing Opportunities for AI Bred Heifers and AI Sired Progeny Scott Brown University of Missouri Marketing Opportunities for AI Bred Heifers and AI Sired Progeny Scott Brown University of Missouri The U.S. cattle inventory was at 87.7 million head at the beginning of 2014, the lowest inventory for

More information

Review of the situation on the EU Beef and Veal Market. "Single CMO" Management Committee 19th January 2012

Review of the situation on the EU Beef and Veal Market. Single CMO Management Committee 19th January 2012 Review of the situation on the EU Beef and Veal Market "Single CMO" Management Committee 19th January 212 Evolution EU production HEADS EU 15 EU 25 EU 27 + 15 % + 15 % Jan-Oct 11/1 EU 1 EU 2-2,9% -2,7%

More information

Managing Cattle Price Risk with Futures and Options Contracts

Managing Cattle Price Risk with Futures and Options Contracts Managing Cattle Price Risk with Futures and Options Contracts Dr. John Lawrence, Extension Livestock Economist and Professor, Laura A. Bortz, Undergraduate Research Assistant, Iowa State University Department

More information

ANNEXURE 1 STATUS OF 518 DEMAT REQUESTS PENDING WITH NSDL

ANNEXURE 1 STATUS OF 518 DEMAT REQUESTS PENDING WITH NSDL ANNEXURE 1 STATUS OF 518 DEMAT REQUESTS PENDING WITH NSDL Sr. No. Demat Request No.(DRN) DP ID Client ID Date of Demat Request Received Quantity Requested Date of Demat Request Processed No. of days of

More information

RTI Livestock and Meat Marketing Study Summary 1

RTI Livestock and Meat Marketing Study Summary 1 What Does the RTI Study Say About Captive Supplies in the Cattle and Beef Industry? Stephen R. Koontz Department of Agricultural and Resource Economics Colorado State University 9 July 2010 In 2003, Congress

More information

Livestock Risk Protection Insurance for Stocker Operations

Livestock Risk Protection Insurance for Stocker Operations Livestock Risk Protection Insurance for Stocker Operations Tammy L. McKinley Extension Specialist Agricultural Economics Acknowledgements Original presentation by Dr. Walt Prevatt, Auburn University Special

More information

CATTLE AND CALVES HIGHLIGHTS

CATTLE AND CALVES HIGHLIGHTS CATTLE AND CALVES HIGHLIGHTS Florida All cattle and calves on Florida farms and ranches as of January, 206, including dairy cattle, totaled.69 million head, up 0,000 from 205. Beef cows in Florida were

More information

Market will worry about demand later Weekly Corn Review for May 11, 2016 By Bryce Knorr

Market will worry about demand later Weekly Corn Review for May 11, 2016 By Bryce Knorr Market will worry about demand later Weekly Corn Review for May 11, 2016 By Bryce Knorr USDA didn t do much to help the corn market in its May 10 reports other than give soybeans a big lift. That could

More information

NATIONAL UNIVERSITY OF LIFE AND ENVIRONMENTAL SCIENCES OF UKRAINE

NATIONAL UNIVERSITY OF LIFE AND ENVIRONMENTAL SCIENCES OF UKRAINE NATIONAL UNIVERSITY OF LIFE AND ENVIRONMENTAL SCIENCES OF UKRAINE Ukrainian agricultural products competitiveness on European market in time of financial challenges Sergey Grygoryev Contents: Part 1. Trade

More information

Current Market Trends - Lamb and Beef Sector

Current Market Trends - Lamb and Beef Sector Current Market Trends - Lamb and Beef Sector John Richards Swyddog Gwybodaeth y Diwydiant a r Farchnad Industry and Market Information Officer Sheep Sector www.hccmpw.org.uk Current market prices p per

More information

Comparison of beef cattle management systems: pasture versus drylot year 1 ( )

Comparison of beef cattle management systems: pasture versus drylot year 1 ( ) Comparison of beef cattle management systems: pasture versus drylot year 1 (2009-2010) B. R. Ilse and V. L. Anderson NDSU Carrington Research Extension Center Introduction Land is an expensive and limited

More information

Livestock, Dairy, and Poultry Outlook

Livestock, Dairy, and Poultry Outlook United States Department of Agriculture Electronic Outlook Report from the Economic Research Service www.ers.usda.gov LDP-M-133 July 18, 2005 Livestock, Dairy, and Poultry Outlook Mildred M. Haley, coordinator

More information

KSU Agriculture Today Radio Notes

KSU Agriculture Today Radio Notes KSU Agriculture Today Radio Notes Daniel O Brien, Extension Agricultural Economist, Kansas State University For Radio Program to be aired 10:00-10:15 a.m., Friday, September 30, 2016 I. Grain Futures Closes,

More information

Case 2:08-cv-02463-ABC-E Document 1-4 Filed 04/15/2008 Page 1 of 138. Exhibit 8

Case 2:08-cv-02463-ABC-E Document 1-4 Filed 04/15/2008 Page 1 of 138. Exhibit 8 Case 2:08-cv-02463-ABC-E Document 1-4 Filed 04/15/2008 Page 1 of 138 Exhibit 8 Case 2:08-cv-02463-ABC-E Document 1-4 Filed 04/15/2008 Page 2 of 138 Domain Name: CELLULARVERISON.COM Updated Date: 12-dec-2007

More information

San Lorenzo Valley Water District Annual Rainfall History Graph

San Lorenzo Valley Water District Annual Rainfall History Graph San Lorenzo Valley Water District Annual Rainfall History Graph 120.00 100.00 80.00 60.00 40.00 20.00 0.00 Water Year 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31

More information

Russia as a Competitor. Farm Finances from farms enrolled in N.D. Farm Business Management Program

Russia as a Competitor. Farm Finances from farms enrolled in N.D. Farm Business Management Program Russia as a Competitor Farm Finances from 500 550 farms enrolled in N.D. Farm Business Management Program 100 North Dakota Temperature ( C) and Precipitation (mm) 40 80 30 60 20 mm 40 10 C 20 0 0 20

More information

22.Apr Artificial Insemination for Cattle, Irene. 04.Mar Pregnancy Diagnosis for Cattle, Irene 05.Mar Calf Rearing Management (Cattle), Irene

22.Apr Artificial Insemination for Cattle, Irene. 04.Mar Pregnancy Diagnosis for Cattle, Irene 05.Mar Calf Rearing Management (Cattle), Irene 01.Mar Artificial Insemination for Cattle, Irene 02.Mar Artificial Insemination for Cattle, Irene 03.Mar Artificial Insemination for Cattle, Irene 04.Mar Pregnancy Diagnosis for Cattle, Irene 05.Mar Calf

More information

Commodity products. Self-Study Guide to Hedging with Livestock Futures and Options

Commodity products. Self-Study Guide to Hedging with Livestock Futures and Options Commodity products Self-Study Guide to Hedging with Livestock Futures and Options In a world of increasing volatility, CME Group is where the world comes to manage risk across all major asset classes interest

More information

LGM-Dairy: A New Risk Management Tool for California Dairies

LGM-Dairy: A New Risk Management Tool for California Dairies LGM-Dairy: A New Risk Management Tool for California Dairies Brian W. Gould Associate Professor Department of Agricultural and Applied Economics and University of Wisconsin Extension University of Wisconsin-Madison

More information

Understanding USDA s Livestock Risk Protection Insurance Program for Feeder Cattle (AEC 2008-04)

Understanding USDA s Livestock Risk Protection Insurance Program for Feeder Cattle (AEC 2008-04) Understanding USDA s Livestock Risk Protection Program for Feeder Cattle (AEC 2008-04) Kenny Burdine and Greg Halich July 2008 Since the summer of 2007, the Livestock Risk Protection (LRP) program has

More information

Strawberry Industry Overview and Outlook. Feng Wu Research Associate Gulf Coast Research and Education Center University of Florida fengwu@ufl.

Strawberry Industry Overview and Outlook. Feng Wu Research Associate Gulf Coast Research and Education Center University of Florida fengwu@ufl. Strawberry Industry Overview and Outlook Feng Wu Research Associate Gulf Coast Research and Education Center University of Florida fengwu@ufl.edu Zhengfei Guan Assistant Professor Gulf Coast Research and

More information

Third Quarter 2014 Earnings Conference Call. 13 August 2014

Third Quarter 2014 Earnings Conference Call. 13 August 2014 Third Quarter 2014 Earnings Conference Call 13 August 2014 Safe Harbor Statement & Disclosures The earnings call and accompanying material include forward-looking comments and information concerning the

More information

Hedging Milk with BFP Futures and Options

Hedging Milk with BFP Futures and Options Curriculum Guide I. Goals and Objectives A. Gain an understanding of milk price seasonality. B. earn about basis and how to track it over time. C. earn how to hedge future milk sales with BFP futures and

More information