Wholesale beef prices have shown some seasonal trends. University of Tennessee ag economist Andrew Griffith says the buying is mostly finished for two big summertime meat consumption holidays.
The calendar and the crop reports are the big items in today’s grain market situation.
Beef export values topped the $1 billion mark once again in April.
With much of the new crop planting done and emerging under generally good conditions, a slight decline in U.S. export expectations from the USDA may be a cause for concern.
Hog prices have been holding mostly within the same window for the last few months, and analysts have been comparing how the recent trends look against other years. They are also looking at what factors will shape hog prices during the summer months.
The Ukraine yo-yo was at work in the grain markets last week. Corn and soybean prices which had been pushed higher by the Russian invasion of Ukraine suddenly dropped for a few days when rumors arose that Russia might open a corridor for grain shipments out of the Black Sea.
Prices continue to be high for culled cows and bulls.
Market swings have been common in 2022, as crop prices have been fluctuating with global headlines and a rainy start to the growing season.
Last week’s USDA Cattle on Feed report indicated record high numbers on May 1.
Planting season is progressing and the war in Ukraine isn’t, or at least it isn’t looking to be near an end. For the grain markets that is a mixed bag, according to Karl Setzer, a market analyst at Agrivisor.
With a large number of cattle on feed, analysts are watching to see what impact that might have for markets, both near-term and long-term. Andrew Griffith, University of Tennessee ag economist, says it may already be impacting prices.
Planting progress has sped up across the Corn Belt, but crop prices have continued to rise.
Beef exports set another value record in March.
For months market analysts have talked about the war in Ukraine, about supply chain issues, about high input costs, and about trade bottlenecks. But right now the talk is all about the weather and planting progress.
The latest Cattle on Feed report, from April, showed an increase in feedlot inventory due to a number of trends. Cattle on feed numbers have been over 12 million each month to begin 2022.
A slow start to planting season has not found its way into market pricing yet, but further delays could make an impact soon.
Cold storage supplies are getting better, but figures are still below the five-year average.
For the first time in nearly a decade, corn prices closed above $8.
The attention in the grain market is slowly turning from the war in Ukraine and toward the spring weather in the United States.
With grilling season drawing near, analysts are watching to see how beef and cattle markets respond, and what trends could take shape heading into summer. Andrew Griffith, ag economist with the University of Tennessee, says the Choice-Select spread has started to show its expected pattern.
Beef exports remained strong in February, while pork exports stayed below year-ago levels, according to an analysis from the U.S. Meat Export Federation.
After a supportive USDA report boosted corn and wheat prices April 8, markets are watching weather as planting season looms in the Midwest.
The USDA Cattle on Feed report released March 25 was largely neutral, but it did show a few trends in the industry, says Stephen Koontz, ag economist with Colorado State University. Writing an “In the Cattle Markets” column for the Livestock Marketing Information Center, he says the placemen…
The grain market isn’t quite sure what direction to go at the moment. It is jacked up on risk premiums and waiting for spring planting season. It is capable of going up or down, depending on the weather forecast and the news from overseas.
Beef exports continue to soar in 2022 after setting records in 2021.