![]() ![]() Unfinished Steers & Heifers: 95.00 to 105.00.Ĩ0 Percent of Holstein Bull Calves Brought From: 250.00 to 340.00. High Yielding Choice Holstein Steers: 115.00 to 119.00. High Yielding Choice Beef Steers & Heifers: No test. Unfinished Steers & Heifers: 95.00 to 105.00. ![]() High Yielding Choice Holstein Steers: 115.00 to 118.00.Ĭhoice Holstein Steers: 108.00 to 114.00. High Yielding Choice Beef Steers & Heifers: 135.00 to 140.00.Ĭhoice Beef Steers & Heifers: 130.00 to 134.00. & down Holstein Heifer Calves: 275-345/lb. Top: 335.00 Lightweight & Poor Calves: 210/lb. Top: 450 Holstein Bull Calves: 225-325/head Choice Holstein Steers: Up to 1.18. Premier Livestock & Auctions March 24, 2016 Plain Quality Holstein Heifer Calves: Below 175.00. Top Quality Holstein Heifer Calves: 175.00 to 460.00. High Yielding Choice Holstein Steers: 112.00 to 117.00.Ĭhoice Holstein Steers: 103.00 to 111.00.Ĭows Going Back Out For Feeding Purposes: 75.00 to 90.00.Ĩ0 percent of Bull Calves: 250.00 to 345.00. This form is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.Cattle Stratford Equity Market Report March 30, 2016 Spam protection has stopped this request. Strong market expectations also mean there may be some attractive risk management opportunities for producers depending on your goals. The spring 2023 contracts are currently trading near $190 which, if actually observed, would mean feeder cattle prices not seen since 2015. Contract prices are up approximately $10 per CWT across all contracts since June 1. The dotted line represents prices from June 1 st. The solid line in the chart above represents contract prices as of last Friday. It is also worth noting that a continued increase during the winter would happen at a time when feeder cattle prices typically face seasonal pressure (chart at bottom). This is a clear signal that traders are expecting feeder cattle prices to increase into 2023. The August 2022 contract is currently the lowest price of the set, and every consecutive contract is higher than the previous. Looking at contract prices across months allows us to consider market expectations for cattle markets into next year. The chart above shows the actively trading contracts by expiration month through April 2023. However, there are also other feeder cattle contracts currently trading, with the only difference being the expiration month. For example, the “nearby,” or closest to expiring, contract is the August 2022 contract. There are separate contracts for different months in the future. The CME Feeder Cattle futures contracts reflect expected prices per hundred weight (CWT) for 700-899 pound feeder cattle within a 12 state region that includes the bulk of feeder cattle sales. In this week’s newsletter, we’ll look at Feeder Cattle futures markets. The December Corn futures contract is down more than $1 per bushel since mid-June which also has a positive impact on cattle market expectations. Tighter supplies are expected to be a main driver of stronger cattle prices over the next few years. Last week, James discussed the July Cattle Inventory report and the tightening supplies of cattle. – Josh Maples, Assistant Professor & Extension Economist, Department of Agricultural Economics, Mississippi State University ![]()
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