Livestock Economics

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Livestock Economics

BUDGETS: cow calf, backgrounding, summer grazing

LMIC: Analysis and Comments, In the Cattle Market, Livestock Monitor

MARKET REPORTS: area market reports

PRESENTATIONS: meeting presentations

LEASE PUBLICATIONS - farm and ranch

Chart of the Month

Chart of Month01-19

In spite of near record beef and record high competing meat production in 2018, fed cattle prices were supported by record high beef exports and a strong domestic economy. Feeder calf prices were also supported by an 80 cent per bushel decline in corn futures prices from mid-May until mid-September, caused by the second largest corn crop and trade issues. Looking ahead to 2019 the same market fundamentals will be important. December 2019 live cattle futures prices at $118 are the same as December 2018 cash fed cattle prices. November 2019 feeder cattle futures prices at $150 mirror November 2018 cash prices. Even though potential cattle prices may look similar for 2019, market fundamentals will change and price volatility is expected. The struggling U.S. and world stock markets, unresolved trade issues, and weather are just a few potential headwinds. Flexible marketing plans that include risk management strategies producers are familiar with are suggested.

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