Placements drop 10% in latest Cattle on Feed report | Weekly Livestock Market Update
In this episode, Meghan Grebner and University of Kentucky livestock economist Kenny Burdine discuss the latest trends in the cattle and hog markets, including the recent decline in boxed beef prices and the implications for demand. They discuss this month’s cattle on feed report, herd expansion considerations, and the economic factors affecting livestock producers. Kenny also previews next week’s upcoming reports.
→ The fed steer price was $2.36 lower this week.
→ The boxed beef price has gone down more than $20 this week.
→ Concerns about demand are related to larger economic factors.
→ Cattle on feed numbers show significant changes.
→ No cattle imports from Mexico continue to affect supply.
→ The October Cattle on Feed Report will be crucial for heifer data, but could be jeopardized by a government shutdown.
→ High interest rates continue to impact herd expansion decisions.
→ Producers need to be strategic in their planning.
→ Tightening supplies expected in upcoming reports.
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