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3 years ago

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Just wondering how the cattle prices are holding in different regions. Herein ccentral Kentucky they seem to be about .50¢ lower per pound on feeder calves than they were a couple months ago with rumors of going lower. Wondering if this is a nationwide trend or just due to our dry weather

Klaus Karbaumer says 2015-09-28 15:03:02 (CST)

On the Market Day Report of RFD-TV they have been reporting for a while now that cattle prices are going down from their former heights nationwide. It seems that consumer demand is down due to the previous high prices . But price decreases are also reported for hogs and poultry.

3 years ago via Forums | Front Porch Forum

Kate V says 2015-09-28 17:15:29 (CST)

Hag-------- prices here, in Virginia, are about what you're seeing where you are. I think the downward trend is nationwide. By how much $$ just depends on where you are.

3 years ago via Forums | Front Porch Forum

Wes Lupher says 2015-09-30 17:13:26 (CST)

It's a pretty sharp drop. Close to $350 per head under the price I sold. Hope it steadied.

3 years ago via Forums | Front Porch Forum

Geoff says 2015-10-02 12:19:23 (CST)

Here in N Idaho prices seem to be down from this time last year. Maybe not 50 cents per pound but anywhere from 20 to 40 I'd guess. A young neighbor took some 5 and 6 weight Red Angus calves to the sale a week or so back and got anywhere from $1.80 to $2.15/# where last year he would have averaged near $2.30 for the same group. Still good money IMHO but not great like last year. With our poor hay crop and weak pastures due to the drought, lots of people worried about feeding this coming year and hesitant about adding numbers.

3 years ago via Forums | Front Porch Forum

NoraWI says 2015-10-02 15:39:19 (CST)

I found that cattle prices always go down in the fall and rise in the spring. Supply and demand? This year may be different as there have been fewer head because of the sell off from the drought. Long term it evens out.

3 years ago via Forums | Front Porch Forum

Geoff says 2015-10-03 23:50:38 (CST)

Hi Nora -

Often the spring/fall differences in price often reflect demand. In the spring, there's a flush of people looking for calves and stocker cattle to put on pasture and sell in the fall not to mention the producers who've decided which animals to keep through winter and which to cull.

Lots of other factors too but those are the ones that come to mind.

3 years ago via Forums | Front Porch Forum

hag says 2015-10-05 12:32:14 (CST)

Opening the Brazilian and Argentina market back up for importing surely hasn't helped either. I find it funny that Argentina still upholds a ban on our beef dating back to 2003 even after we lifted the ban on their imports. Seems like there were some other countries that the government lifted import bans from as well. If the prices keep slipping this way, the feeder and stocker guys are gonna be hurting

3 years ago via Forums | Front Porch Forum

Klaus Karbaumer says 2015-10-10 08:52:04 (CST)

The price of any goods is not a natural incidence, it is man-made. On this morning's "The Week in Agri-business" it was discussed and the following connections were made:
1)Improved genetics have led to faster weight gain resulting in heavy weight animals in the feed lots when they couldn't be sold fast enough, more meat on the market = lower price.
2)Packers( slaughter facilities) are taking full advantage, meaning they depress prices even more.( My insertion in this discussion: In this context it should be known that due to concentration 4 companies have sway over the cattle market holding a market share of 80%. Our economic system leads to higher and higher concentration in all sectors).
3) McDonald offering all day breakfast will favor pork and poultry, not beef.
4) While restaurants are still holding on to beef, albeit not to the same extent as before pieces were high, the present drop in beef prices is not enough to lure consumers back to it to previous high levels of consumption.
So, the question arises why do we have to have feedlots with all their downsides ( depending on cheap corn and soybeans, pollution, harsh conditions for animals) instead of providing grass-fed beef and reduce the quantity( it takes longer on grass than in the feedlot to reach the preferable slaughter weight) and stabilize the prices ?
It is easy to answer, our agricultural system may be good for big corporations , but it doesn't bring too many benefits for the farmer and rancher.
It is small consolation that one can see its demise coming, but in the meantime it will bring down many farms and ranches that are helplessly involved with it.

3 years ago via Forums | Front Porch Forum

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