By Anne Wasko. Market Analyst. November 2016

Size: px
Start display at page:

Download "By Anne Wasko. Market Analyst. November 2016"

Transcription

1 2017 Cattle Cattle Market Market Forecast Overview & Trends Anne Wasko Market Analyst June 2017 By Anne Wasko Market Analyst

2 Utterly amazing! 2017 SO FAR

3 Jan- 16 Mar May Jul Sep Nov Jan- 17 Mar May Jul Sep Nov US$ per cwt From One Extreme to the Other! $150 US Weekly Fed Steer Price $140 $130 $120-30% +50% $110 $100 $90

4 J/91 J/93 J/95 J/97 J/99 J/01 J/03 J/05 J/07 J/09 J/11 J/13 J/15 J/17 $ per head And Speaking of Extremes $700 $600 $500 $400 $300 $200 $100 $0 ($100) ($200) ($300) ($400) ($500) ($600) Feedlot - Profit/Loss Margin Yearling Steer to current Source: CanFax

5 Pounds Steer weights -35 lbs from yr ago 960 Canadian Weekly Steer Carcass Weight Source: AAFC, CBGA 5 yr avg Week

6 A 10 lb weight decline is significant U.S. Cold Carcass Weights P

7 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Percent Excellent packer margins = moving more cattle & beef Gross Packer Margins (Fed Steer as % of Cutout) 0.63 Narrow Margins 0.58 Wide Margins

8 Jan Feb Mar Apr May June July Aug Sep Oct Nov Dec $/cw t Good beef demand. Whsl price 30% higher since Feb. $270 $260 $250 $240 $230 $220 $210 $200 $190 $180 $170 US Weekly Choice Cutout Source: USDA

9 Leverage can be just as important as supply BEEF SUPPLY UPDATE

10 Million Head Over 2 million head of beef cows added since U.S. Beef Cow Inventory January to 2018P Year Source: USDA, Cattlefax

11 Million Head Although U.S. expansion has slowed 2018 will be the 4 th year of growth U.S. Beef Replacement Heifers January to 2018P Year Source: USDA, Cattlefax

12 More Cattle Coming It s when they re placed & how we get thru them that matters US Steer & Heifer Slaughter K P Source: USDA

13 J/14 A J O J/15 A J O J/16 A J O J/17 A J O $ per head Cattle feeders are willing to place cattle when profitable not so much when they re losing $700 $600 $500 $400 $300 $200 $100 $0 ($100) ($200) ($300) ($400) ($500) ($600) Feedlot - Profit/Loss Margin Yearling Steer - Jan 2014 to current Source: CanFax

14 p Billion Pounds U.S. Beef Production +4% (sltr is +6%) 28 U.S. Beef Production 1990 to 2018P Year Source: USDA, Cattlefax

15 Million Head Canadian beef cows unchanged again 5.5 Canadian Beef Cow Numbers January to M M Source: Statistics Canada Year

16 Thousand Head AB & SK beef cows M also for 7 years! 4000 Alberta & Saskatchewan Beef Cows January to Source: Statistics Canada Year

17 Heifer placements in feedlots +11% YTD str placements +7% AB/SK Heifers as % of Total Placements 45% 40% 35% 42% 43% 41% 39% 40% 40% 36% 38% 36% 34% 39% 35% 30% 25% 20% P Source: Canfax

18 Beef culling rate holding +/- 11% 18% 16% 14% 12% 10% 8% 6% 4% 2% 0% Canadian Beef Cow Culling Rate yr avg = 11% Source: Statistics Canada, CBGA, AAFC, CanFax

19 Thousand Head Fed Marketings 2017P flat 3750 Canadian Fed Marketings P Year Source: Statistics Canada, CBGA, AAFC, CanFax

20 Choice demand has been exceptional DEMAND

21 Primal Rib Primal Loin Primal Chuck Primal Round Primal Brisket Short Plate Primal Flank Change in Choice Cutout Value & Contribution by Primal Jun 5/17 to Jun 6/16 ($/cwt) $9 $(2) $7 $5 $2 $3 $1 Choice Cutout $24 $(5) $- $5 $10 $15 $20 $25 $30

22 $/cw t. Market is sending a clear message about Choice (AAA) beef this spring 35 US Choice/Select Spread

23 Retailers hanging their hat on CDN AAA beef!

24 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec $/kg Today s retail prices 6% lower than YA consumers see better deals today $21 Canadian Retail Beef Price $20 $19 $18 $17 $16 $15 $ Source: Statistics Canada

25 Demand Index (2000=100) Beef consumption up 1 lb + steady retail prices in 2016 = stronger demand (+2%) 130 Canadian Retail Beef Demand Index Source: Statistics Canada, CanFax, US Beef Demand Study Group

26 tonnes 2017 YTD exports unchanged overall 2016 was best year since Canadian Beef Exports -8% % +22% +4% U.S. Japan Mexico China, HK P =95%

27 tonnes 2017 YTD imports -13% (Aussie factor) Canadian Beef Imports % % -10% -43% 0 U.S. Aust NZ Uruguay Brazil P

28 Bil lbs Impressive 2017 YTD for US exports: beef +20%, pork +15%, broiler +5% 4.0 US Beef Trade Exports Source: USDA

29 Large global stocks remain but GRAIN SITUATION

30 US $/bu New crop prices heading towards $4? 5.50 Weekly Omaha Corn Price Source: Cattle-fax corn yield a record bu/acre, 2017 trendline 170 bu

31 80/81 82/83 84/85 86/87 88/89 90/91 92/93 94/95 96/97 98/99 00/01 02/03 04/05 06/07 08/09 10/11 12/13 14/15 16/17F Billion Bushels A 14B bu crop would be 1B+ smaller than last year 16 US Corn Production Crop Year

32 Mar-06 Mar-07 Mar-08 Mar-09 Mar-10 Mar-11 Mar-12 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Feeding advantage W Canada it s been awhile 160% 150% 140% 130% 120% 110% 100% 90% 80% 70% 60% ALBERTA FEEDING ADVANTAGE Omaha corn vs Lethbridge barley advantage disadvantage Source: Canfax & Cattle-fax

33

34

35 Better than we thought but don t get complacent CATTLE PRICE OUTLOOK

36 US $ per cwt Seasonally fed markets trend lower into Q3 this year could be more gradual due to leverage $185 $175 $165 $155 $145 $135 $125 $115 $105 $95 Weekly US Fed Steer Price -15% Source: Cattlefax

37 U.S. feedlots have placed 580,000 head more (8%) already this year US Placements Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

38 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Thousand Head W Can placements +8% YTD (41,000) Alberta and Saskatchewan Placements Source: CanFax COF

39 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Fed Basis has weakened from the strong levels earlier this year Alberta Fed Basis Alberta/Nebraska in Cdn$ - Cash to Cash AB Fall low: US$120 / = $ yr ave (13-15)

40 Cattle s/b profitable under that scenario $220 $210 $200 $190 $180 $170 $160 $150 $140 $130 $120 $110 $100 $90 J/11 AJ J/12 AJ J/13 AJ J/14 AJ J/15 AJ J/16 AJ J/17 AJ O O O O O O O Cdn $ per cwt Projected Break Even (out month) Yearling Steer - Jan 2011 to Oct 2017 Source: CanFax Trends West

41 Cdn $ - US terms Cdn $ holding in trading range ( ) $1.00 Weekly Canadian Dollar $0.95 $0.90 $0.85 $0.80 $0.75 $0.70 $ Source: Bank of Canada

42 Index Will the discount futures stifle this seasonal? Seasonal 850 lb. Feeder Price Index Index 2017 cash J F M A M J J A S O N D $235 $225 $215 $205 $195 $185 $175 $165 $155

43 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Cdn $ per cwt Feeder basis $150/head stronger than 3 year average $8 $4 $0 ($4) ($8) ($12) ($16) ($20) ($24) ($28) ($32) Alberta 850 lb Feeder Steer Basis 3 yr ave Source: CanFax

44 Index 20 yr Seasonal says calves back to $ in Q4 Seasonal 550 lb. Steer Calf Index index 2017 cash 102 $ $230 $210 $190 J F M A M J J A S O N D Remember: $10-20/cwt swings are often seen during a month

45 Index $/cwt Cows were seasonal in 2016, again this year? 110 Seasonal D1,2 Cow Price Index ( ) $ $110 $105 $100 $95 $90 $85 85 J F M A M J J A S O N D Seasonal 2017 $80

46 Top 2 Global Beef Exporters facing uncertainties what does that mean for the rest of us? Global Beef & Veal Exporters P '000 MT Brazil India Australia US NZ Canada Paraguay Uruguay EU Mexico Argentina Source: FAS/USDA

47 Positive impacts of a China/U.S. beef deal just need details now Global Beef Importers P '000 tonnes China/HK US Japan 730 Russia S Korea EU Egypt Canada Chile Malaysia Source: USDA

48 Bottom line Larger beef, pork and poultry supplies in N.A. are a fact how we get thru them is the question in terms of price impact Demand is difficult to forecast (state of the economy, consumer preferences, trade issues) Protecting equity important everyone has a different view on how to do this Volatility for all commodities remains high outside influences are a fact of life now

49

50 For regular market updates sign into:.com And check out the new RealAg radio show on Sirius channel 147 RURAL Radio!! 3 pm CT

Beef Cattle Market Update

Beef Cattle Market Update Beef Cattle Market Update By Anne Wasko Market Analyst November 2016 Anne Wasko Market Analyst June 2018 @AnneWasko 2018 MARKET HIGHLIGHTS SO FAR April 7 turning out to calving fields Jan Feb Mar Apr May

More information

Cattle Market Situation and Outlook

Cattle Market Situation and Outlook Cattle Market Situation and Outlook Rebuilding the Cow Herd Series March 28, 2007 Falls City, TX Coordinated by: Dennis Hale-Karnes CEA Ag & Charlie Pfluger-Wilson CEA Ag Prepared and presented by: Larry

More information

Situation and Outlook of the Canadian Livestock Industry

Situation and Outlook of the Canadian Livestock Industry Situation and Outlook of the Canadian Livestock Industry 2011 USDA Agricultural Outlook Forum Tyler Fulton February 25, 2011 tyler@hamsmarketing.ca Lost in Translation Canadian Livestock Industry - Outline

More information

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 Current Situation $ Per Cwt. 190 180 170 160 150 140 130 120 110 100 90 MED. & LRG. #1 & 2 STEER CALF PRICES 500-600 Pounds, Georgia, Weekly

More information

Beef Cattle Outlook R. Curt Lacy, Ph.D. Extension Economist-Livestock University of Florida Beef Cattle Short Coourse

Beef Cattle Outlook R. Curt Lacy, Ph.D. Extension Economist-Livestock University of Florida Beef Cattle Short Coourse Beef Cattle Outlook R. Curt Lacy, Ph.D. Extension Economist-Livestock 2012 University of Florida Beef Cattle Short Coourse MED. & LRG. #1 & 2 STEER CALF PRICES 400-500 Pounds, Georgia, Weekly $ Per Cwt.

More information

Cattle Outlook. January, 2018

Cattle Outlook. January, 2018 Cattle Outlook January, 2018 Cattle Outlook January 2018 In This Issue: Supply Fundamentals Demand Fundamentals Summary 2 Historical Price Reference Where are Cattle Prices Currently, And Where are they

More information

3/17/2016. Ross Pruitt Associate Professor. What is happening? What may happen? Economic/management considerations

3/17/2016. Ross Pruitt Associate Professor. What is happening? What may happen? Economic/management considerations Ross Pruitt Associate Professor What is happening? What may happen? Economic/management considerations Mil. Head 40 JANUARY 1 COW INVENTORY U.S., Annual 35 30 25 2016 = 30.3 Million Head +3.5 Percent 20

More information

Global Beef & Energy Outlook. Gregg Doud Chief Economist National Cattlemen s Beef Association

Global Beef & Energy Outlook. Gregg Doud Chief Economist National Cattlemen s Beef Association Global Beef & Energy Outlook Gregg Doud Chief Economist National Cattlemen s Beef Association Source: USDA/FAS TOP 4= 71% Brazil Russia India China Global Beef Trends Source: USDA/FAS, CattleFax Projections,

More information

Canfax Research Services A Division of the Canadian Cattlemen s Association

Canfax Research Services A Division of the Canadian Cattlemen s Association Canfax Research Services A Division of the Canadian Cattlemen s Association # 180, 6815-8th Street N.E. Calgary, Alberta T2E 7H7 Phone (403) 275-5110 Fax (403) 275-6943 E-mail: crs@canfax.ca INVENTORY

More information

Beef Cattle Market Outlook

Beef Cattle Market Outlook Beef Cattle Market Outlook Glynn Tonsor Dept. of Agricultural Economics Kansas State University www.agmanager.info Supplies Historically tight Demand Overarching Beef Industry Economic Outlook Herd expansion

More information

At Denfield Livestock Exchange Inc., January 7, 2014: 25 Fed Heifers Price Range Top Choice heifers

At Denfield Livestock Exchange Inc., January 7, 2014: 25 Fed Heifers Price Range Top Choice heifers Weekly Market Information Report for the week ending Thursday January 9, 2014 The following information is collected from various sources and disseminated by Beef Farmers of Ontario. ONTARIO DIRECT TO

More information

Saskatchewan Feeder Steer and Feeder Heifer Prices ($/cwt)

Saskatchewan Feeder Steer and Feeder Heifer Prices ($/cwt) This information is provided as a resource by Saskatchewan Agriculture staff. All stated cattle prices are based on the weekly Canfax Market Outlook and Summary. Please use this information at your own

More information

INTERNATIONAL MEAT REVIEW

INTERNATIONAL MEAT REVIEW INTERNATIONAL MEAT REVIEW Livestock, Poultry and Grain Market News March 28, 2013 Volume 17, No. 07 Trade Highlights Recently the USDA Foreign Agricultural Service (FAS) released Livestock and Products

More information

WORLD S LEADING ANIMAL PROTEIN PRODUCER. Beef Market Update. October 3, 2018

WORLD S LEADING ANIMAL PROTEIN PRODUCER. Beef Market Update. October 3, 2018 WORLD S LEADING ANIMAL PROTEIN PRODUCER Beef Market Update October 3, 2018 Beef market update The US cattle inventory continues to expand but at a slow rate as more females have moved to slaughter Cattle

More information

Situation Analysis. Kathleen R. Brooks, Ph.D. Extension Livestock Economics Specialist

Situation Analysis. Kathleen R. Brooks, Ph.D. Extension Livestock Economics Specialist Situation Analysis Kathleen R. Brooks, Ph.D. Extension Livestock Economics Specialist Department of Agricultural Economics University of Nebraska-Lincoln kbrooks4@unl.edu Agricultural Challenges More with

More information

Marketing 2018 Feeder Calves

Marketing 2018 Feeder Calves Marketing 2018 Feeder Calves Chris Prevatt Beef Cattle and Forage Economics University of Florida, Range Cattle REC Tariffs A tariff is a tax on imports or exports between sovereign states. Tariffs (from

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 XVIII, Issue 24 June 23, 2018 Prepared by: Steiner Consulting Group SteinerConsulting.com 800-526-4612

More information

Red Meat and Poultry Outlook. Curt Lacy Extension Economist-Livestock

Red Meat and Poultry Outlook. Curt Lacy Extension Economist-Livestock Red Meat and Poultry Outlook Curt Lacy Extension Economist-Livestock Overview Current meat S&O Beef S&O Pork Poultry Livestock producers situation Red Meat and Poultry in Cold Storage Total number 9% higher

More information

Weekly Cattle Market Update For the Week Ending August 24, 2018

Weekly Cattle Market Update For the Week Ending August 24, 2018 This information is provided as a resource by Saskatchewan Agriculture staff. All stated cattle prices are based on the weekly Canfax Market Outlook and Summary. Please use this information at your own

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 XVIII, Issue 12 March 30, 2018 Prepared by: Steiner Consulting Group SteinerConsulting.com 800-526-4612

More information

Cattle & Beef Outlook

Cattle & Beef Outlook Cattle & Beef Outlook Glynn Tonsor Dept. of Agricultural Economics, Kansas State University Overarching Beef Industry Economic Outlook Supplies Expansion continues, but has moderated Demand Mixed signals

More information

Cattle Market Outlook

Cattle Market Outlook Cattle Market Outlook Winter C. Wilson Gray District Economist Twin Falls R & E Center wgray@uidaho.edu http://web.cals.uidaho.edu/idahoagbiz/ Thank You! Topics: Markets and Aspects of Domestic Consumer

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 XVIII, Issue 42 October 26, 2018 Prepared by: Steiner Consulting Group SteinerConsulting.com

More information

INTERNATIONAL MEAT REVIEW

INTERNATIONAL MEAT REVIEW INTERNATIONAL MEAT REVIEW Livestock & Grain Market News January 19, 2012 Volume 16, No. 01 Trade Highlights The USDA Foreign Agricultural Service (FAS) recently issued November 2011 red meat trade data

More information

Corn, Hay, Wheat & Cattle Outlook

Corn, Hay, Wheat & Cattle Outlook Corn, Hay, Wheat & Cattle Outlook Stephen R. Koontz Associate professor & extension economist Department of Agricultural & Resource Economics Colorado State University Stephen.Koontz@ColoState.Edu http://dare.agsci.colostate.edu/skoontz

More information

Saskatchewan Feeder Steer and Feeder Heifer Prices ($/cwt) Feeder Steers

Saskatchewan Feeder Steer and Feeder Heifer Prices ($/cwt) Feeder Steers This information is provided as a resource by Saskatchewan Agriculture staff. All stated cattle prices are based on the weekly Canfax Market Outlook and Summary. Please use this information at your own

More information

Cattle Situation and Outlook

Cattle Situation and Outlook Photo courtesy of Judy Jacobson, Watford City Cattle Situation and Outlook Tim Petry Livestock Economist www.ndsu.edu/livestockeconomics September 24, 2013 MktClub-2013.pptx Livestock Price and Production

More information

July Cattle Market Update August 1, 2017 All prices are quoted in Canadian dollars per hundredweight ($/cwt) unless otherwise stated.

July Cattle Market Update August 1, 2017 All prices are quoted in Canadian dollars per hundredweight ($/cwt) unless otherwise stated. This information is provided as a resource by Saskatchewan Agriculture staff. All stated cattle prices are based on the weekly Canfax Market Outlook and Summary. Please use this information at your own

More information

INTERNATIONAL MEAT REVIEW

INTERNATIONAL MEAT REVIEW INTERNATIONAL MEAT REVIEW Livestock, Poultry and Grain Market News January 22, 2015 Volume 19, No. 02 Trade Highlights U.S. Red Meat Exports Including Variety Meats Beef & Veal Exports for November 2014

More information

Cattle and Hay Outlook

Cattle and Hay Outlook Cattle and Hay Outlook Stephen R. Koontz Associate professor & extension economist Department of Agricultural & Resource Economics Colorado State University Stephen.Koontz@ColoState.Edu http://dare.agsci.colostate.edu/skoontz

More information

Livestock and Feedgrain Outlook

Livestock and Feedgrain Outlook Livestock and Feedgrain Outlook 2017 Range Beef Cow Symposium James G. Robb Director, LMIC Website: www.lmic.info November 28-30, 2017 28 US Land Grant Universities: USDA Data Sources -- NASS, AMS, FAS,

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 19, Issue 11 March 15, 2019 Prepared by: Steiner Consulting Group SteinerConsulting.com 800-526-4612

More information

US Imported Beef Market A Weekly Update

US Imported Beef Market A Weekly Update US Imported Beef ket A Weekly Update Prepared Exclusively for Meat & Livestock Australia - Sydney Volume XVIII, Issue 40 October 12, 2018 Prepared by: Steiner Consulting Group SteinerConsulting.com 800-526-4612

More information

Emmit L. Rawls Professor Agricultural Economics

Emmit L. Rawls Professor Agricultural Economics Beef Cattle Situation and Outlook Emmit L. Rawls Professor Agricultural Economics Slaughter Steer Prices $ Per Cwt. 105 5 Market W eighted Average, Weekly 100 95 90 85 Avg. 2004-08 2009 80 75 2010 70 JAN

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 XVII, Issue 46 November 17, 2017 Prepared by: Steiner Consulting Group SteinerConsulting.com

More information

Cattle and Hog Outlook 2010 and Beyond. John D. Lawrence Extension Livestock Economist Iowa State University

Cattle and Hog Outlook 2010 and Beyond. John D. Lawrence Extension Livestock Economist Iowa State University Cattle and Hog Outlook 2010 and Beyond John D. Lawrence Extension Livestock Economist Iowa State University 1 Current Situation Total red meat and poultry 2009 at 210# lowest since 1996 2010 at 206# lowest

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 XVIII, Issue 49 December 14, 2018 Prepared by: Steiner Consulting Group SteinerConsulting.com

More information

Iowa Farm Outlook. December 15, 2004 Ames, Iowa Econ. Info. 1900

Iowa Farm Outlook. December 15, 2004 Ames, Iowa Econ. Info. 1900 Iowa Farm Outlook December 15, 24 Ames, Iowa Econ. Info. 19 Beef and Pork Price Relationships Historically, beef and pork prices have moved somewhat together. They are substitutes in the consumer s shopping

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 XVIII, Issue 8 March 2, 2018 Prepared by: Steiner Consulting Group SteinerConsulting.com 800-526-4612

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 XVIII, Issue 9 March 9, 2018 Prepared by: Steiner Consulting Group SteinerConsulting.com 800-526-4612

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 XVII, Issue 38 September 20, 2017 Prepared by: Steiner Consulting Group SteinerConsulting.com

More information

2016 Economic Summit Iowa Farm Bureau Meat Export Outlook

2016 Economic Summit Iowa Farm Bureau Meat Export Outlook 2016 Economic Summit Iowa Farm Bureau Meat Export Outlook Erin Borror USMEF Economist June 27, 2016 Des Moines USMEF s Global Offices and Representatives Membership Membership is comprised of nine sectors:

More information

Economic Outlook of Beef Cattle

Economic Outlook of Beef Cattle Economic Outlook of Beef Cattle Stan Bevers Professor & Ext. Economist Texas A&M AgriLife Extension Service Vernon, Texas University of Florida Beef Cattle Short Course Gainesville, Florida May 4, 2016

More information

ONTARIO DIRECT TO PACKER RAILGRADE CATTLE TRADE

ONTARIO DIRECT TO PACKER RAILGRADE CATTLE TRADE Weekly Market Information Report for the week ending Thursday April 12, 2018 The following information is collected from various sources and disseminated by Beef Farmers of Ontario. ONTARIO DIRECT TO PACKER

More information

% of Reference Price 190% Avg Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec. Male Calves Dairy Type Male Calves Beef Type

% of Reference Price 190% Avg Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec. Male Calves Dairy Type Male Calves Beef Type EU Canada Chile Chile EU Canada Trade Tonnes cw in Tonnes cwe In Tonnes cwe Russia (up to Aug) Japan Mexico (up to Aug) South Korea Russia (up to Aug) Japan Mexico (up to Aug) South Korea Qty in 1 Tonnes

More information

Hog and Pork Situation and Outlook

Hog and Pork Situation and Outlook Hog and Pork Situation and Outlook September 3, 2013 Washington, Iowa Lee Schulz Department of Economics Iowa State University lschulz@iastate.edu (515) 294-3356 Feed Supply U.S. Corn Supply and Use 2009/10

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 19, Issue 10 March 8, 2019 Prepared by: Steiner Consulting Group SteinerConsulting.com 800-526-4612

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 XVIII, Issue 20 May 24, 2018 Prepared by: Steiner Consulting Group SteinerConsulting.com 800-526-4612

More information

INTERNATIONAL MEAT REVIEW

INTERNATIONAL MEAT REVIEW INTERNATIONAL MEAT REVIEW Livestock, Poultry and Grain Market News June 5, 2014 Volume 18, No. 11 Trade Highlights U.S. Red Meat Exports Including Variety Meats Beef & Veal Exports for April 2014 Beef

More information

Why Does the U.S. Both Import and Export Beef? Derrell S. Peel, Oklahoma State University Extension Livestock Marketing Specialist

Why Does the U.S. Both Import and Export Beef? Derrell S. Peel, Oklahoma State University Extension Livestock Marketing Specialist Louisiana Cattle Market Update Friday, September 17 th, 2010 Ross Pruitt, Department of Agricultural Economics and Agribusiness Louisiana State University AgCenter Why Does the U.S. Both Import and Export

More information

Weekly Market Information Report

Weekly Market Information Report Weekly Market Information Report Week ending Thursday July 15, 2004 The following information is collected from various sources and disseminated by the Ontario Cattlemen s Association. ONTARIO DIRECT TO

More information

Tight Supplies, Higher Prices, and the Beginning of Expansion

Tight Supplies, Higher Prices, and the Beginning of Expansion Louisiana Cattle Market Update Friday, June 20 th, 2014 Ross Pruitt, Department of Agricultural Economics and Agribusiness LSU AgCenter Tight Supplies, Higher Prices, and the Beginning of Expansion As

More information

ONTARIO DIRECT TO PACKER RAILGRADE CATTLE TRADE

ONTARIO DIRECT TO PACKER RAILGRADE CATTLE TRADE Weekly Market Information Report for the week ending Thursday November 1, 2018 The following information is collected from various sources and disseminated by Beef Farmers of Ontario. ONTARIO DIRECT TO

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 XVIII, Issue 27 July 13, 2018 Prepared by: Steiner Consulting Group SteinerConsulting.com 800-526-4612

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 XVII, Issue 34 August 23, 2017 Prepared by: Steiner Consulting Group SteinerConsulting.com 800-526-4612

More information

% of Reference Price 190% Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Beef & Veal Production (E28 Slaughtering) - Tonnes

% of Reference Price 190% Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Beef & Veal Production (E28 Slaughtering) - Tonnes EU Trade South Korea Malaysia (up to Sep) EU Japan Japan South Korea Malaysia (up to Sep) in Tonnes cwe Russia (up to Oct) Mexico (up to Sep) Russia (up to Oct) Mexico (up to Sep) Tonnes cw Qty in 1 Tonnes

More information

% of Reference Price 190% Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Beef & Veal Production (E28 Slaughtering) - Tonnes

% of Reference Price 190% Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Beef & Veal Production (E28 Slaughtering) - Tonnes EU Trade Japan South Korea Russia (up to Mar) Chile (up to Mar) EU Chile (up to Mar) in Tonnes cwe Japan South Korea Russia (up to Mar) Tonnes cw Qty in 1 Tonnes World Trade China + H. Kong China + H.

More information

ONTARIO DIRECT TO PACKER RAILGRADE CATTLE TRADE

ONTARIO DIRECT TO PACKER RAILGRADE CATTLE TRADE Weekly Market Information Report for the week ending Thursday April 19, 2018 The following information is collected from various sources and disseminated by Beef Farmers of Ontario. ONTARIO DIRECT TO PACKER

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 19, Issue 9 March 1, 2019 Prepared by: Steiner Consulting Group SteinerConsulting.com 800-526-4612

More information

2019 IBA ANNUAL AGRICULTURAL CONFERENCE

2019 IBA ANNUAL AGRICULTURAL CONFERENCE 2019 IBA ANNUAL AGRICULTURAL CONFERENCE Livestock Update 2019 livestock production, prices and forecasts Lee Schulz, Dept. of Economics, Iowa State University +12% +3% +11% +15% +11% Data Source: USDA-NASS,

More information

Beef Cattle Outlook. Glynn Tonsor Dept. of Agricultural Economics Kansas State University

Beef Cattle Outlook. Glynn Tonsor Dept. of Agricultural Economics Kansas State University Beef Cattle Outlook Glynn Tonsor Dept. of Agricultural Economics Kansas State University Interesting Times in the Beef Industry BREXIT IMPORTS FROM BRAZIL TPP/TTIP & US Election Interesting Times in the

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 XVIII, Issue 23 June 15, 2018 Prepared by: Steiner Consulting Group SteinerConsulting.com 800-526-4612

More information

APPLIED PRICE FORECASTING

APPLIED PRICE FORECASTING APPLIED PRICE FORECASTING AGEC 344 AG PRICE ANALYSIS January 2014 Tim Petry Livestock Economist www.ag.ndsu.edu/livestockeconomics Applied-Price-Forecasting-Jan2014 2-04-14 If you read about something

More information

US Imported Beef Market A Weekly Update

US Imported Beef Market A Weekly Update US Imported Beef Market A Weekly Update Market Highlights for the Week: Prepared Exclusively for Meat & Livestock Australia - Sydney Volume XVII, Issue 42 October 20, 2017 Prepared by: Steiner Consulting

More information

TIMELY INFORMATION. Agriculture & Natural Resources AGRICULTURAL ECONOMICS AND RURAL SOCIOLOGY, AUBURN UNIVERSITY, AL

TIMELY INFORMATION. Agriculture & Natural Resources AGRICULTURAL ECONOMICS AND RURAL SOCIOLOGY, AUBURN UNIVERSITY, AL AG ECONOMIC SERIES TIMELY INFORMATION Agriculture & Natural Resources AGRICULTURAL ECONOMICS AND RURAL SOCIOLOGY, AUBURN UNIVERSITY, AL 36849-5639 DAERS 08-5 September 2008 U. S. Beef Cattle Situation

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 19, Issue 6 February 8, 2019 Prepared by: Steiner Consulting Group SteinerConsulting.com 800-526-4612

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 XVII, Issue 19 May 17, 2017 Prepared by: Steiner Consulting Group SteinerConsulting.com 800 526

More information

3/25/2017. What to do today? Cattle & Beef Markets: Commodity Outlook

3/25/2017. What to do today? Cattle & Beef Markets: Commodity Outlook 3/25/27 Cattle & Beef Markets: Commodity Outlook Stephen R. Koontz Professor & extension economist Department of Agricultural & Resource Economics Colorado State University Stephen.Koontz@ColoState.Edu

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 XVII, Issue 15 April 19, 2017 P r e p a r e d b y : S t e i n e r C o n s u l t i n g G r o u

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 XVII, Issue 33 August 16, 2017 Prepared by: Steiner Consulting Group SteinerConsulting.com 800-526-4612

More information

% of Reference Price 190% Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Beef & Veal Production (E28 Slaughtering) - Tonnes

% of Reference Price 190% Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Beef & Veal Production (E28 Slaughtering) - Tonnes Trade Prices Production Production & Stocks DG AGRI DASHBOARD: BEEF AND VEAL Last update: 5.1.217 Carcasse Live Animals 3.2% 1.7% -6.3% -4.2% -1.8% -7.3% 4.2% /1 kg Tonnes cw /head /kg 16.5% 1.5% -1.6%

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 XVIII, Issue 4 February 2, 2018 Prepared by: Steiner Consulting Group SteinerConsulting.com 800-526-4612

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 XVIII, Issue 48 December 7, 2018 Prepared by: Steiner Consulting Group SteinerConsulting.com

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 XVII, Issue 45 November 10, 2017 Prepared by: Steiner Consulting Group SteinerConsulting.com

More information

Update on the Canadian Pork Sector & What Lies Ahead

Update on the Canadian Pork Sector & What Lies Ahead Update on the Canadian Pork Sector & What Lies Ahead Presented by: Ken McEwan World Pork Production 2009* Canada 1.8% of World Production USA 10.4% of World Production EU-27 21.9% of World Production Russia

More information

2017 Beef Cattle Market Outlook

2017 Beef Cattle Market Outlook 2017 Beef Cattle Market Outlook Chris Prevatt Livestock and Forage Economist UF/IFAS Range Cattle Research and Education Center Presented at the 2015 UF Beef Cattle Short Course Presented at the 2015 UF

More information

Cattle Situation and Outlook

Cattle Situation and Outlook Cattle Situation and Outlook Midwest/Great Plains/Western Outlook Conference August 2010 Tim Petry Livestock Economist www.ag.ndsu.edu/livestockeconomics mwgpw.ppt 8/12/10 TO ALL OUTLOOK CONFERENCE ATTENDEES

More information

Glynn Tonsor Dept. of Agricultural Economics Kansas State University

Glynn Tonsor Dept. of Agricultural Economics Kansas State University Beef & Cattle Market Outlook Glynn Tonsor Dept. of Agricultural Economics Kansas State University 98 th Annual Beef Cattle Research Roundup, KSU Agricultural Research Center, Hays, KS April 19, 2012 1

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 XVII, Issue 48 December 1, 2017 Prepared by: Steiner Consulting Group SteinerConsulting.com 800-526-4612

More information

Cattle Situation and Outlook

Cattle Situation and Outlook Cattle Situation and Outlook January 2011 Tim Petry Livestock Economist www.ag.ndsu.edu/livestockeconomics Carrington-Jan2011 01/27/11 Northern Plains Calf Markets www.lmic.info In The Cattle Markets November

More information

Cattle Situation and Outlook

Cattle Situation and Outlook Cattle Situation and Outlook Tim Petry, Livestock Economist www.ndsu.edu/livestockeconomics Feb. 27, 2018 Outlook_2-7-2018.pptx ? WASDE U.S. Meat Production and Prices 2014 2015 Change from 2014 2016 Change

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 XVII, Issue 47 November 24, 2017 Prepared by: Steiner Consulting Group SteinerConsulting.com

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 XVIII, Issue 33 August 31, 2018 Prepared by: Steiner Consulting Group SteinerConsulting.com 800-526-4612

More information

2016 Risk and Profit Conference General Session Speakers. GENERAL SESSION IV Livestock Market Situation and Outlook

2016 Risk and Profit Conference General Session Speakers. GENERAL SESSION IV Livestock Market Situation and Outlook 2016 Risk and Profit Conference General Session Speakers GENERAL SESSION IV Livestock Market Situation and Outlook Glynn Tonsor, Kansas State University Glynn Tonsor is a Professor in the Department of

More information

Beef Cattle Market Outlook & Cow-Calf Decision-Making Overview

Beef Cattle Market Outlook & Cow-Calf Decision-Making Overview Beef Cattle Market Outlook & Cow-Calf Decision-Making Overview Arnold & Geneva, NE January 19-20, 2016 Glynn Tonsor Dept. of Ag. Economics Kansas State University www.agmanager.info Supplies Overarching

More information

2012 Farm Outlook. Highlights

2012 Farm Outlook. Highlights 2012 Farm Outlook Office of the Chief Economist USDA Highlights A promising spring planting was followed by historic drought. Record high commodity prices followed. Farm incomes are expected to be near

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 XVII, Issue 5 February 8, 2017 Prepared by: Steiner Consulting Group SteinerConsulting.com 800

More information

Beef & Cattle Market Outlook. Glynn Tonsor Dept. of Agricultural Economics Kansas State University

Beef & Cattle Market Outlook. Glynn Tonsor Dept. of Agricultural Economics Kansas State University Beef & Cattle Market Outlook Glynn Tonsor Dept. of Agricultural Economics Kansas State University 1 FEEDSTUFFS: OVERVIEW Drought triggered liquidations; recent relief & associated wheat pasture changes

More information

Situation and Outlook for U.S. Livestock, Dairy, and Poultry

Situation and Outlook for U.S. Livestock, Dairy, and Poultry Situation and Outlook for U.S. Livestock, Dairy, and Poultry Presented by Rachel J. Johnson Economic Research Service, USDA AAEA Pittsburgh, PA July 26, 2011 Meat Complex Snapshot High livestock prices

More information

Dairy Outlook Midwest & Great Plains Outlook Conference. Katelyn McCullock Dairy & Forage Economist Livestock Marketing Information Center

Dairy Outlook Midwest & Great Plains Outlook Conference. Katelyn McCullock Dairy & Forage Economist Livestock Marketing Information Center Dairy Outlook 2014 Midwest & Great Plains Outlook Conference Katelyn McCullock Dairy & Forage Economist Livestock Marketing Information Center KEY TO DAIRY 2014 Prices are record high in the first half.

More information

Canfax Research Services

Canfax Research Services CRS Cow Calf Special Edition FACT SHEET Canfax Research Services A Division of the Canadian Cattlemen s Association Publication Sponsored By: Opportunities and Challenges in the Expansion Phase On January

More information

Latest World Supply and Demand Estimates Report

Latest World Supply and Demand Estimates Report Louisiana Cattle Market Update Friday, June 10 th, 2011 Ross Pruitt, Department of Agricultural Economics and Agribusiness Louisiana State University AgCenter Latest World Supply and Demand Estimates Report

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 XVII, Issue 44 November 3, 2017 Prepared by: Steiner Consulting Group SteinerConsulting.com 800-526-4612

More information

Tools to Help Beef Cattle Producers Make Economically Sound Restocking Decisions

Tools to Help Beef Cattle Producers Make Economically Sound Restocking Decisions Tools to Help Beef Cattle Producers Make Economically Sound Restocking Decisions Victoria County Post Drought Management Seminar April 13, 2010 Victoria, TX Coordinated by: Sam Womble Victoria CEA/NR Prepared

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 XVIII, Issue 34 September 7, 2018 Prepared by: Steiner Consulting Group SteinerConsulting.com

More information

MONTHLY MARKET PROFILE: 12/10/04 Nevil C. Speer, PhD, Western Kentucky University

MONTHLY MARKET PROFILE: 12/10/04 Nevil C. Speer, PhD, Western Kentucky University MONTHLY MARKET PROFILE: 12/10/04 Nevil C. Speer, PhD, Western Kentucky University The market seems like a heavyweight match with packers and feeders standing toe-to-toe slugging it out. Negotiations are

More information

ONTARIO DIRECT TO PACKER RAILGRADE CATTLE TRADE

ONTARIO DIRECT TO PACKER RAILGRADE CATTLE TRADE Weekly Market Information Report for the week ending Thursday August 23, 2018 The following information is collected from various sources and disseminated by Beef Farmers of Ontario. ONTARIO DIRECT TO

More information

Trade & Economic Impacts of Animal Disease Outbreaks Parr Rosson Professor & Director Center for North American Studies Texas A&M University

Trade & Economic Impacts of Animal Disease Outbreaks Parr Rosson Professor & Director Center for North American Studies Texas A&M University Trade & Economic Impacts of Animal Disease Outbreaks Parr Rosson Professor & Director Center for North American Studies Texas A&M University C NAS Animal Disease Implications Disruption of Trade Flows

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 XVIII, Issue 43 November 2, 2018 Prepared by: Steiner Consulting Group SteinerConsulting.com

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 XVII, Issue 49 December 8, 2017 Prepared by: Steiner Consulting Group SteinerConsulting.com 800-526-4612

More information