Cattle futures have come to life yet again.
A recent price recovery in both live cattle and lean hog futures contracts is offering an opportunity for producers to lock in better prices than existed just a few weeks ago.
Today's Cattle on Feed report is a bearish surprise. USDA’s monthly survey of feedlots found 2.6% more placements in August against the trade expectation of a 2.1% decline.
Thinking of investing in used precision agriculture equipment?
Learn the history behind John Deere horsepower as the company celebrates the 100th anniversary of green and yellow tractors.
The marketplace offers an ample fleet of late-model machinery being sold at historically low prices. Prices like these haven’t existed since the mid-1980s.
On the bear side, this year’s production will easily surpass next year. On the bull side, we have two new plants that are opening.
The week's kill may have come in a little larger than the trade was expecting.
This analyst and firm believes wholeheartedly that futures prices made for the projections are artificially inflated.
This is the third consecutive year that the calf crop size has increased after bottoming out at 33.5 million head in 2014.
USDA's monthly survey of feedlots found that they placed 16.1% more cattle in the nation's feedlots in June.
Pork producers are watching the weather forecast almost as intently as crop producers. Current feed prices are already high enough to turn the 2018 outlook into expectations for losses.