Brazil positioning to produce more beef

A new report says Brazil is positioning to meet growing global demand for beef.  Rabobank’s Food and Agribusiness Research and Advisory group (FAR) predicts Brazil will double its feedlot capacity to 4.5 million head turning out over 9 million fed cattle annually and increasing beef production by 2.5 million tons per year by 2023. The… Read more »

Pork carcass values take a hit

Futures Markets copy

The cash cattle market was quiet on Friday with trade completed earlier in the week. Cattle prices on Wednesday were steady to firm with the previous week with live sales in the South at 164.00 Northern business saw the dressed basis 256.00 to 258.00. Total cash trade was around 98,000 head in the major feeding… Read more »

Closing Grain and Livestock Futures: October 17, 2014

Futures Markets copy

  Dec. corn closed at $3.48, d0wn 4 and 1/4 cents Nov. soybeans closed at $9.51 and 3/4, down 14 and 3/4 cents Dec. soybean meal closed at $330.50, down $4.10 Dec. soybean oil closed at 32.02, down 34 points Dec. wheat closed at $5.16, down 1 cent Oct. live cattle closed at $165.05, down 20 cents Dec. lean hogs closed at $90.57, up 25 cents Nov. crude oil closed at… Read more »

Friday midday cash livestock markets

Futures Markets copy

Cattle country is quiet on Friday with business completed for the week, following an active trade on Wednesday. Southern live trade was at 164.00, while Northern dressed trade ranged from 256.00 to 258.00. The ability to hold steady cash cattle trade through the middle of October at current price levels is impressive. This is giving… Read more »

CHS remains the nation’s largest co-op

A couple of Minnesota-based cooperatives top the USDA’s Top 100 Cooperatives list.  Based on 2013 revenue, CHS remains number-1 with more than $44 billion in sales.  Fellow St Paul resident Land O’Lakes is second on the list with $14 billion in revenue in 2013.  Dairy Farmers of America based in Kansas City comes in third… Read more »

Cattle futures rebound

Futures Markets copy

Cattle country was quiet on Thursday afternoon following moderate to active business on Wednesday. Nebraska and Iowa traded cattle at 258.00 dressed and 163.00 live. In Kansas and Texas the live trade was at 164.00. Feedlot operators in Colorado received 165.00. The balance of the showlists are priced around 165.00 live and 260.00 plus dressed…. Read more »

Closing Grain and Livestock Futures: October 16, 2014

Futures Markets copy

  Dec. corn closed at $3.52 and 1/4, up 4 and 3/4 cents Nov. soybeans closed at $9.66 and 1/2, up 14 and 3/4 cents Dec. soybean meal closed at $334.60, up $7.30 Dec. soybean oil closed at 32.36, up 30 points Dec. wheat closed at $5.17, up 11 cents Oct. live cattle closed at $165.25, up $2.30 Dec. lean hogs closed at $90.32, down $1.60 Nov. crude oil closed at $82.70, up 92 cents… Read more »

Midday cash livestock markets

Futures Markets copy

It is only Thursday but there is a good chance the cash cattle market may be essentially done for the week. Cattle traded yesterday in the South at 164.00 steady with last week, and Northern business on a dressed basis was steady to 1.00 lower at 258.00 and live at 163.00 to 164.00. Cattle left… Read more »

A third challenge to MO farming rights measure

Opponents of the Right to Farm Amendment passed by Missouri voters and upheld in a recount are challenging the proposal again, saying the ballot language was misleading and prejudicial. Wes Shoemyer with Missouri’s Food for America says voters thought they were supporting rights for citizens. But he says the amendment itself refers to “farmers and… Read more »

Feedlot cattle trade in most regions

Futures Markets copy

A light to moderate cattle trade was evident in most areas on Wednesday. Live and dressed sales were about steady to 1.00 lower than last week’s weighted average. USDA Mandatory reported Lives sales in Texas, Oklahoma, New Mexico and Kansas were about steady on light to moderate demand at 164.00. In Iowa and Nebraska live… Read more »