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Livestock

Beef Supply To Rise: Can Strong Demand Hold Cattle Prices

Prices for calves and feeder cattle started 2017 sharply lower than a year earlier but by year-end, prices were well above those of 12 months prior.

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Hog Prices Strengthen

Hog prices this fall have been stronger than anticipated. In early October, USDA analysts estimated that fourth quarter live prices would average $38-$40 per hundredweight.

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Cattle Feeding Returns Improving

Estimated cattle feeding returns calculated each month by Iowa State Extension provide insight into the situation Corn Belt feeders face.

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Pork Industry’s Sustainable Expansion

The pork industry has been in expansion now for three years dating back to 2014 when the PED virus reduced pork supplies and sent hog prices to record highs.

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Red Ink Reappears in the Cattle Finishing Sector

Cattle finishing net returns were positive from December 2016 through August 2017. Moreover, net returns were above $300 per head during March, April, and May.

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Hay Ground, and On-Farm Grain Storage Rent

Estimates for the current rental value of pasture land, hay ground, and on-farm grain storage in Indiana are often difficult to locate.

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Cattle on Feed Inventory Remains Higher Than a Year Ago

USDA released its August Cattle on Feed report on August 25, along with the monthly Livestock Slaughter report. The two reports provide some updated information to use in projecting future cattle and beef supplies.

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Increase in U.S. Calf Crop Points Towards Larger Beef Supplies in 2018-2019

This is the third consecutive year that the calf crop size has increased after bottoming out at 33.5 million head in 2014.

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Weather Clouds Pork Outlook

Pork producers are watching the weather forecast almost as intently as crop producers. Higher feed prices driven by weather forecast are now a new threat to their returns.

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Hog Prices Continue to be Higher this Year

Generally, for agricultural commodities, larger supplies result in lower prices. This year’s hog market is going against that adage with higher supplies and higher prices.

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