Live steer prices up more than $53 from a year ago | Weekly Livestock Market Update
In this episode, Meghan Grebner and Josh Maples discuss the latest trends in the livestock market, focusing on cattle prices, beef production, and slaughter numbers. They analyze the impact of corn yields on feed costs and the implications of cattle imports on future price forecasts. They talk about the importance of risk management strategies for producers as they navigate the current market dynamics and prepare for the future.
Takeaways:
» Cattle prices have shown significant increases compared to last year.
» The beef market is experiencing strong values due to lower production.
» Weekly cattle slaughter numbers are at their lowest non-holiday levels this year.
» Corn yield revisions indicate a positive outlook for feed costs.
» USDA forecasts suggest optimistic prices for cattle in 2026.
» Cattle imports from Mexico have significantly decreased this year.
» Producers are encouraged to adopt risk management strategies.
» The livestock market is currently favorable for producers, but caution is advised.
» Producers should not overlook the benefits of risk management tools
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