Excessive heat has taken its toll on pastures, hay supplies, and water consumption for cattle, and while this may not be a big market issue today, Anne Wasko, of Gateway Livestock, says that these factors will mean an earlier, stronger fall run.
That’s just one of the topics discussed in this week’s Beef Market Update. Occasional host Kelvin Heppner joins Wasko to discuss abnormally high online/video sales and total auction volume, while feeder and calf prices hold steady to higher, but with an impending move to seasonal pricing (read: lower in September).
The bottom-line, she says, is that feeders are starting the run strong, but there are still lots of unknowns ahead, like feed cost and supply, trade jitters, erratic basis levels, and uncertainty of imports.
Fed cattle are holding close to both 2017 and 2016 levels, Wasko adds, with mid $140’s prices, but both of those years then drifted towards $135 by end of Sept. Does this spell risk ahead for fed cattle?
Listen to this latest Beef Market Update to hear about that, plus what to expect on slaughter cow prices as well.