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Fed Cattle Outlook Great Plains and Midwest Outlook Conference Louisville, KY August 13, 2015 David P. Anderson Professor and Extension Economist
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Overview Squeeze Structure Marketing Outlook Ouch!
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Squeeze
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Data Source: USDA-AMS, Compiled and Analysis by LMIC Livestock Marketing Information Center
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Data Source: USDA-AMS, Compiled & Analysis by LMIC Livestock Marketing Information Center
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Data Source: USDA-AMS Livestock Marketing Information Center
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Data Source: USDA-AMS & USDA-NASS, Compiled & Analysis by LMIC Livestock Marketing Information Center
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Data Source: USDA-AMS & USDA-NASS, Compiled & Analysis by LMIC Livestock Marketing Information Center
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Data Source: USDA-AMS Livestock Marketing Information Center
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Data Source: USDA-AMS Livestock Marketing Information Center
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Squeeze Tight Supplies of Feeders Overcapacity –Higher feeder prices Pressure on Fed Prices –Hides and offals –Seasonality Lower Feed Prices
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Structure
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Cattle on Feed
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Data Source: USDA-ERS & USDA-FAS Livestock Marketing Information Center
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Data Source: USDA-AMS & USDA-NASS Livestock Marketing Information Center
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Data Source: USDA-AMS & USDA-NASS Livestock Marketing Information Center
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Data Source: USDA-AMS & USDA-NASS Livestock Marketing Information Center
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Marketing
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Data Source: USDA-AMS Livestock Marketing Information Center
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Data Source: USDA-AMS Livestock Marketing Information Center
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Data Source: USDA-AMS Livestock Marketing Information Center
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Data Source: USDA-AMS Livestock Marketing Information Center
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Data Source: USDA-AMS Livestock Marketing Information Center
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Marketing Large Shift to Formula Pricing –Thinner markets Away From Negotiated Cash Classic Price Discovery Issues
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11-13007-800Feed-Fed 2013125.88150.6924.81 2014 I146.34171.4525.11 II147.82189.7241.90 III158.49217.9559.46 IV165.59229.6364.04 2015 I162.43209.4246.99 II158.11222.3164.20 III149-152212-21462 IV154-159203-20849 2016 I154-158202-20948 II152-158206-21454 III146-150200-20854 IV149-159195-20546 Prices for 2013-2016 Texas Combined Auction for 5-600 and 7-800
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