Weekly Cattle Market Overview for Week Ending 5/5/23
Cattle/Beef Prices
Weekly Cattle Market Overview for Week Ending 5/5/23

Fed cattle in the South traded 1.00 lower with dressed trade in the North 5.00 lower. Live Cattle and Feeder Cattle futures were sharply lower.

Sat May 06 2023

U.S. Cattlemen’s Association Applaudes Introduction of the ‘Drive Act’
Trucking
U.S. Cattlemen’s Association Applaudes Introduction of the ‘Drive Act’

USCA is opposed to any federal mandate that limits a driver’s autonomy over their own truck and trailer.

Fri May 05 2023

5/5/23: Cattle Market Sentiment... The 'Bears' Are Back
Bullish/Bearish Consensus
5/5/23: Cattle Market Sentiment... The 'Bears' Are Back

The theory behind the "Bullish/Bearish Consensus" indicator is when the public reaches a consensus, they are usually wrong.

Fri May 05 2023

Farm Sector Chapter 12 Bankruptcies in 2022 lowest since 2004
Bankruptcy
Farm Sector Chapter 12 Bankruptcies in 2022 lowest since 2004

Under Chapter 12 bankruptcy, a financially distressed family farmer can propose and carry out a plan to repay their debts.

Thu May 04 2023

Shrinking US Cattle Herd Squeezes Meatpacker Profits
Beef Processing
Shrinking US Cattle Herd Squeezes Meatpacker Profits

The amount of money meatpackers earn fell below $40 per head of cattle in April, after topping $700 per head in May 2020.

Thu May 04 2023

National Drought Conditions:  Drought Worsens in Central & Northern Great Plains
DROUGHT
National Drought Conditions: Drought Worsens in Central & Northern Great Plains

Drought conditions in northern Kansas, Nebraska, Iowa, Missouri, and Illinois worsened.

Thu May 04 2023

Fed raises Interest Rates a Quarter Point; Says inflation remains 'Elevated'
Federal Reserve
Fed raises Interest Rates a Quarter Point; Says inflation remains 'Elevated'

This is just below the prior peak of rates before the Great Recession of 2008.

Wed May 03 2023

2023 Beef Production Forecasted to be Lower
Beef Production
2023 Beef Production Forecasted to be Lower

Consensus is that beef production will decline this year for first time since 2015.

Wed May 03 2023

Restaurant Performance Index declined 1.0% in March
Restaurant Performance Index
Restaurant Performance Index declined 1.0% in March

The Expectations Index, which measures restaurant operators’ six-month outlook stood at 101.0 – down 1.4% from the previous month and the lowest level in six months.

Tue May 02 2023

Scientists: Meat is Crucial for Human Health
Beef
Scientists: Meat is Crucial for Human Health

Removing fresh meat and dairy from diets would harm human health.

Tue May 02 2023

Feeder & Stocker Cattle Marketings for the week ending 4/29/23
Feeder & Stocker Cattle Marketings
Feeder & Stocker Cattle Marketings for the week ending 4/29/23

Last week's Weekly Feeder & Stocker Cattle Marketings were 05.3% above the 3 Year Average.

Mon May 01 2023

Corn Crop Condition as of 5/1/23
Corn Crop
Corn Crop Condition as of 5/1/23

26% of Corn Planted... 12% more than a year ago and the same as the 5 year average.

Mon May 01 2023

Farm Sector Real Estate Debt hits Record High
Farm/Ranch Real Estate
Farm Sector Real Estate Debt hits Record High

The average value of farm real estate reached a record $3,800 per acre in 2022, a 12.4-percent increase from 2021.

Mon May 01 2023

Choice Boxed Beef Cutout Value on a Strong Upward Trend
Boxed Beef
Choice Boxed Beef Cutout Value on a Strong Upward Trend

Last week’s choice boxed beef cutout value was the highest on record for that week based on data available back to 2004.

Mon May 01 2023

Global Beef Market Outlook
Beef Exports
Global Beef Market Outlook

Total beef exports are projected to increase just slightly in 2023.

Mon May 01 2023

Weekly Cattle Market Overview for Week Ending 4/28/23
Cattle/Beef Prices
Weekly Cattle Market Overview for Week Ending 4/28/23

Fed cattle in the South and dressed trade in the North were 2.00 lower. Feeder cattle & stocker calves traded 1.00 to 3.00 higher, respectively.

Sat April 29 2023

El Niño expected to develop by Summer
El Niño
El Niño expected to develop by Summer

NOAA said computer models are in agreement that El Niño will develop this year.

Fri April 28 2023

Will the last independent cattle producer please turn off the lights?
Cattle Industry
Will the last independent cattle producer please turn off the lights?

Tyson Foods has turned its corporate attention to absorbing independent cow/calf ranchers.

Fri April 28 2023

4/28/23: Cattle Market Sentiment... Continued Bullishness
Bullish/Bearish Consensus
4/28/23: Cattle Market Sentiment... Continued Bullishness

The theory behind the "Bullish/Bearish Consensus" indicator is when the public reaches a consensus, they are usually wrong.

Fri April 28 2023

Are Parasite Problems returning in Cattle due to Dewormer Resistance?
Animal Health
Are Parasite Problems returning in Cattle due to Dewormer Resistance?

Dewormers are gradually losing effectiveness against livestock parasites with no new products on the horizon to replace them.

Thu April 27 2023

Cattle Empire
Bradford Buildings
Bar 3 Ranch Grass Fed Beef Business For Sale
Go-Bob Pipe & Steel (1)
The Accredited Ranch & Land Brokers / World Class Ranches
RanchWork.com-Body
Cattle Value Calculator
Clifton Livestock Commission 1st Annual Front Pasture Replacement Sale (1)

RanchWork.com-Body
Cattle Value Calculator
The Accredited Ranch & Land Brokers / World Class Ranches

Upcoming Sales...

LBJ Cattle Marketing Cream of the Crop Fall Replacement Female Sale
Holdenville Livestock Market 2025 Fall Sale Schedule
Reverse Rocking R Ranch Annual Bull & Female Sale (2)
J Bar Angus 25th Annual Bull & Select Female Sale
TD Angus Commercial Bred Female Sale
Advertise an Upcoming Sale
Clifton Livestock Commission 1st Annual Front Pasture Replacement Sale