Drought conditions across the U.S. continue to have an impact on the cattle markets, according to recently published data.
Farm Bureau economists say the most recent Cattle on Feed report was bullish with total cattle on feed down a percent from last year. Bert Nelson points out that states impacted by drought had lower placement numbers, and that could mean lower cattle supplies in the future.
“This is likely due to some tighter calf supplies along with higher feed and input costs amplified by the drought conditions. We’ve seen marketings for fed cattle totaling 1.86 million head for September, this is four percent above this time in 2021. Now, when we really see marketing high and placements become lower over a longer drawn-out period of time, this really signals that lower cattle supplies are in the future,” said Nelson.
USDA numbers show beef slaughter is up, which Nelson says shows that packers need to get cattle in to meet current demand. He says when supplies tighten up and demand remains consistent, we should see prices follow suit.
Proud Cajun RanchHER Julie Trahan runs West Hackberry Cattle Company with her husband, Mark, deep in Louisiana’s coastal marshes.
October 21, 2024 04:23 PM
·
The German company Constellr is part of the John Deere Start-Up Collaborator Program in 2024. It plans to launch a geothermal satellite next year that will give farmers and ranchers better tools to monitor surface temperature from space.
October 21, 2024 11:51 AM
·
In an interview with RFD-TV’s own Suzanne Alexander, RanchHER Pilar Martinez talked about the upcoming RanchHER episodes on the way, including one that features her operation, Centennial Ranch in Dillion, Montana.
October 18, 2024 07:20 PM
·
October 18, 2024 12:07 PM
RanchHER Season 2, Episode 7
Premieres Tue, 10/22/24 – 9 PM ET | 8 PM CT | 7 PM MT | 6 PM PT
October 17, 2024 06:01 PM
·
Janie joined Suzanne Alexander on RFD-TV’s Market Day Report to discuss the mid-season premiere of RanchHER. She also shared some exciting personal news that has deepened her respect for the powerful female ranchers featured on the show.
October 17, 2024 02:42 PM
·
October 14, 2024 11:24 AM
October 07, 2024 12:25 PM
The IRS recently issued its 2024 guidance on the extended replacement period for drought (and other weather-related) livestock sales. RFD-TV Ag Legal & Tax expert Roger McEowen discusses the IRS’ extension of the replacement period for livestock sold due to weather-related conditions.
October 01, 2024 11:57 AM
·
