The USDA released the latest WASDE report March 8, but markets shrugged it off fairly quickly, according to analysts.
Pork exports are off to a great start in 2024. Those numbers included another strong performance in top U.S. market Mexico, but also includes growth to key markets such as South Korea, Central and South America, Australia and Malaysia.
Traders have been watching the sharp decline in corn and soybean meal prices, as crop prices have faced downward pressure. Bryan Dougherty, with Total Farm Marketing, said the declines have been pronounced.
Lightweight calves remain in demand as spring edges closer.
In two months much of the Midwest will be actively planting, with farmers getting the early stretch of their crop in. However, a useful tool may not be as helpful as previous years.
Retail meet demand for pork and beef both decreased in 2023, according to an analysis from the Livestock Marketing Information Center.
Returns in cattle production are likely to trend lower in 2024. Matthew Diersen, Extension ag economist with South Dakota State University, says all sectors of the industry, from cow-calf operations to feedlots, are expected to see lower returns as decreased trading offsets higher prices.
Corn and soybean markets continue to watch weather developments in South America, while wheat markets are processing export news and competition in the global market.
Pork export values broke records in 2023.
The grain markets are preparing for the upcoming planting season but dealing with a “slug” of negative news, said Don Roose, president of U.S. Commodities in Des Moines.
It appears buyers are beginning to catch up on purchases after a lengthy period of harsh winter weather.
An increase in open interest could provide some support for crop markets, while South American weather remains a key wild card as crops there reach a crucial time in their growing season. Daniel Flynn, with the Corn & Ethanol Report, says open interest is showing some recovery.
Profitability continues to elude the nation’s hog industry.
Crop markets have been a mixed bag in recent weeks with winter weather and rains sweeping through the country, and attention is focused on South American production.
Chad Hart has served as Extension grain marketing economist at Iowa State University for over a decade. He was born and raised in southwest Missouri, where his parents raised a few cattle and operated a small meat locker. Hart received a B.S. in economics with minors in mathematics, history,…
Rough winter weather throughout much of the country has impacted cattle price forecasting.
Crop markets are watching to see at what point farmers will be willing to sell corn from their bins, as well as the impact of South American weather on soybean markets.
Cull prices were trending upward as 2023 came to an end. David Anderson, professor and Extension economist with Texas A&M University, says higher bull and cull cow prices helped the year end on a positive note.
A busy day of reports led to a significant downturn in the crop markets Jan. 11. Within minutes of the January WASDE and Quarterly Grain Stocks reports’ release soybeans led the slip with nearly 30-cent losses in the front-month contracts and nearly 20-cent losses in the new-crop November co…
To begin the year, cattle feeder markets have moved higher and beef markets have reflected the seasonal post-holiday shift in preferred cuts. University of Tennessee ag economist Andrew Griffith says feeders will be looking for higher prices.
The start of trading in 2024 was tough for crop markets as U.S. supply may have caught up with demand.
Byproduct values for cattle and hogs are trending down, according to an analysis from the Livestock Marketing Information Center.
Crop markets were quiet to close 2023 as the Christmas and New Year’s holidays saw many traders slow down their activity. One analyst warns trader and farmers looking to sell their crop not to let that quiet period catch them off guard when markets pick back up once again.
The latest USDA World Agricultural Supply and Demand Estimates did not contain any big surprises but did provide another snapshot as the monthly estimates get close to their final numbers. Analysts are watching to see if the USDA is done with the minor increases in yield for this year’s crops.
The decline in cattle prices seems to be slowing.