Beef Market Update - U.S. Cattle on Feed Report Provides Insight Into the Hot Feeder Market

by

The USDA October Cattle on Feed Report came out late last week with one number in particular well above U.S. analysts estimates. The October 1st on-feed inventory was roughly a percent above estimates, re-establishing the impact the drought in key cattle producing parts of the U.S. is having on the regular flow of cattle. The placement numbers for under 600 weight cattle are significantly larger than other classes, lending creedance to the fact that ranchers have no other place to put those cattle. The difference between estimates and actuals isn’t really a shock to the market, but may cause a decline in deferred contracts.

The other big story is happening on the demand side, as we see the effects of the consolidation of the North American meat market made apparent. A shift in buying by a major retailer has contributed to widening the choice select spread significantly. In this episode of the Beef Market Update we discuss the U.S. Cattle on Feed Report, the feeder run and the effect one major player can have on the market.

SEE MORE BEEF MARKET UPDATE

If you cannot see the embedded video below click here.

Wake up with RealAgriculture

Subscribe to our daily newsletters to keep you up-to-date with our latest coverage every morning.

Wake up with RealAgriculture

Other Episodes

Beef Market Update (view all)Season 3 (2011) Episode 5

Please register to read and comment.

Privacy Preference Center

Necessary

Necessary cookies help make a website usable by enabling basic functions like page navigation and access to secure areas of the website. The website cannot function properly without these cookies.

gdpr, __cfduid, PHPSESSID, wordpress_test_cookie, woocommerce_items_in_cart, woocommerce_cart_hash, wp_woocommerce_session, wordpress_logged_in, wordpress_sec, wp-settings, wp-settings-time, __cf_mob_redir, wordpress_cache, realag
__cfduid

Marketing

Measuring interactions with the ads on the domain.

__gads,fsk_ut_2317
IDE

Statistics

These are used to track user interaction and detect potential problems. These help us improve our services by providing analytical data on how users use this site.

_ga,_gid,_gat,_cb,_chartbeat2,_chartbeat4
_ga,_gid
metrics_token

Preferences

Preference cookies enable the website to remember information that changes the way the website behaves or looks, like your preferred language or the region that you are in.

chartdefaults, comment_author, comment_author_email, comment_author_url
JSESSIONID, _os_session,anonymous_votes,csrf-param,csrf-token,user,user-id,user-platform,intercom-session,intercom-lou,intercom-session
personalization_id, tfw_exp

 

Register for a RealAgriculture account to manage your Shortcut menu instead of the default.

Register