Quality Meat Scotland’s Post

Beef Herd Shifts in the Great Plains. It’s been said, bigger isn’t always better. As of 2024, the U.S. beef herd has fallen to 1960s levels. David Widmar looks at state-level changes to highlight which states saw the largest declines while also examining longer-term trends from 2006. Together these data paint a picture of where cattle numbers are going down the most. Read the full article here: https://lnkd.in/gAW5YKzQ

Our FREE Trends+ Cow-Calf Webinar is tomorrow night, register for your link! CattleFax analysts will discuss a variety of topics in the one-hour session, including: ⭐ Cattle and feedstuff market projections for the remainder of 2024 ⭐Outlook for the summer and fall calf markets. ⭐Supply and margin expectations for the cattle and beef industry. ⭐Analysis of a 2023 Cow-Calf Survey conducted by CattleFax https://lnkd.in/gDe_EFZ4

Here’s a letter I wrote in the opinion section of the latest edition of Farmers Weekly 🐑

Tom Rookyard shares his latest market insights, including how the market is coping with large volumes of cattle and high rates of lamb slaughter. Read Tom’s Market Muster: https://lnkd.in/g-D55Rzv #aplusnews #auctionsplus

So, what was with the crazy ag commodity futures trade in Tuesday? Corn and soybeans floundered while wheat fought an uphill battle to keep its head above water. But, on the other hand, cattle markets were invigorated after getting trashed last week. To make some sense out of this chaos which also included a high-flying dollar and crashing cotton board, I call on Justin McKinney to get his expert insight. Watch, Learn, Like, Subscribe, and Share. https://lnkd.in/gUyKhr-4

Michelle Rook with Farm Journal spoke today with John Payne for today's Markets Now: Open video. Grains are trying to recover after the collapse on Monday, which produced new contract lows in soybeans and all three wheat classes. John Payne, Advance Trading, says it's difficult for grains to gain any traction without a weather threat and with trend-following funds continuing to press the market. Cattle also try to recover, but seasonals are softer, and cash and cutouts are falling compared to the big discount the futures have to cash. So, what wins out? Hogs are also trying to bounce but face headwinds on the supply and demand front. https://lnkd.in/gxdmvKaR

In the realm of market prices, there are ways to introduce certainty. Most are familiar with forward contracts and at least the idea of futures contracts, but what if you don’t want to lock in a singular price months ahead of time? What if the market had kept going up instead of turning down last fall? What if you wanted to protect the downside risk of your cattle price without limiting upside potential? The tool you’re looking for is a price floor. It sets a worst-case scenario, or a minimum price for your cattle, not a final price. Therefore, you can still capitalize on any market rises that come. Read more 👉https://lnkd.in/g3GuJF3x Contact us to learn more! 👉 https://lnkd.in/gpv863B . . #cattlemarket #riskmanagment #ag #markets #cattleprices #CompassAgSolutions #livestockriskmanagement #futuresmarket #agbiz

Learn more about what grain marketing strategies high-growth farmers consider for their operations and other key takeaways from the Bushel State of the Farm report. Download the full report here: https://hubs.li/Q02nWQbl0 #bushelpowered RFD-TV

CATTLE ON FEED! Well we got the numbers. The results were that less cattle coming in to the feed lots than last year. Ok… The number of Cattle going to consumption was more than a year ago. So, what does this mean? Supply vs demand. Demand up and supply down vs last year? Hmm. Interesting last week the packers paid $3 higher per pound. So supply vs demand does move the price as we learned in high school economics. Let’s see how the next cycle goes. Feel free to ask me what I do with this data!

Record volumes, minimal price movement – is the market set to shift? : Small price movements in a market handling large volumes. With about a month and a half until Christmas, it’s peak season for salmon harvesting and sales. https://lnkd.in/dAR_frv9