Rising feeder pig prices could be signaling optimism in the market. Prices reached nearly $64 per head last week and should continue to move seasonally higher, according to an analysis from the Livestock Marketing Information Center (LMIC).
Developments in the Russia-Ukraine war and expectations about Chinese import plans have played a role in the grain markets. South American weather is another wild card.
The latest USDA Cattle on Feed report showed numbers continue to decline.
Corn and soybean markets are being pressured by rains falling in South America.
USDA’s annual production report, released Jan. 12, included surprises that will likely have implications for grain markets going forward.
November pork exports were the biggest of 2022, both in volume and value, according to an analysis from the U.S. Meat Export Federation.
Beef prices remain robust to start the new year, supported by strong demand. University of Tennessee ag economist Andrew Griffith says it has been an eventful run for beef prices.
Among crop markets, soybeans have been the commodity with the most upside in recent weeks. Whether that continues is largely based on crop progress in South America.
Higher feeder cattle prices could have producers looking at replacement heifers.
China, the world’s largest soybean buyer, is moving to unwind coronavirus measures on travelers from early January, putting it on track to emerge from three years of self-imposed global isolation. That’s set to buoy demand for crops, according to Maxar Technologies.
Numbers suggest the cattle herd inventory will continue shrinking in 2023.
Crop markets are gearing up for 2023, but corn prices are still dealing with pressure points.
The latest information showed a slight easing in inflation, but levels still remain well above target levels. The Livestock Marketing Information Center said inflation can have impacts for meat prices and livestock markets.
Careful marketing management is going to be a key for the upcoming year, as tight margins come about.
Analysts are watching the Choice-Select spread and what it means for consumer demand trends. University of Tennessee ag economist Andrew Griffith says while the current situation is not setting records, it still merits watching.
Low demand continues to emerge as a pressure point for crop markets.
U.S. authorities are concerned about a potential dispute with Mexico over genetically modified yellow corn.
Pork cutout values continue their seasonal decline.
The latest Cattle on Feed report showed placements and on-feed totals even lower than expectations. South Dakota State University risk and business management specialist Matthew Diersen analyzed the numbers in his latest “In the Cattle Markets” column.
After a long holiday weekend, crop markets came back to news in China that caused pressure.
Feeder cattle have been showing strength this fall. University of Tennessee ag economist Andrew Griffith says this is running counter to the usual trends.
Multiple global developments are likely to drive grain prices in the short term, including a wartime agreement.
Harvest has nearly wrapped up in many locations around the Midwest, and as the crop goes into storage, farmers may want to look at selling some of their grain.
Livestock market analysts have been watching trends in meat exports, including beef exports on pace to set a record.
Analysts are watching meat-buying habits as the holidays draw closer. University of Tennessee ag economist Andrew Griffith said retailers and the food service industry are seeking to get beef for the holidays as consumers start to make Thanksgiving purchases.