Title: Livestock Situation and Outlook Ag Lenders Conference
1Livestock Situation and OutlookAg Lenders
Conference
- Tim Petry
- Livestock Economist
- NDSU Extension Service
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3Web Address
- www.ag.ndsu.nodak.edu/aginfo/lsmkt/livestock.htm
- Click on Ag Lenders Conference
4Livestock Marketing Information Center
5 Livestock Marketing Information Center
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9Livestock Marketing Information Center
10- The highest cattle prices usually occur during
the accumulation (rebuilding) phase of the
inventory cycle. - When that occurs will depend on weather, but
should be in the next several years.
11Livestock Marketing Information Center
12Livestock Marketing Information Center
13Livestock Marketing Information Center
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15Livestock Marketing Information Center
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23Livestock Marketing Information Center
24Key Feeder Cattle Price Factors
- Corn Price?
- - each 10? increase in corn price
- 1 decrease in 5-600 lb steer price
- 0.50 decrease in 7-800 lb steer price
- FED Steer Price?
- - each 1 increase in fed steer price
- 1.50 increase in feeder price
25SF_LS763Sioux Fall, SD Wed Oct 23, 2002
USDA-SD Ag Market News
Kist Livestock Auction, Mandan ND This week
2824 Last week 2354 Year ago
2848 Compared to last week lighter weight 450-550
lb. feeder steers and heifers sold 2.00-4.00
higher. The balance of the feeder steers and
heifers sold steady. Slaughter cows and
slaughter bulls sold 1.50lower. Supply about 76
pct. feeder cattle, 12 pct. slaughter cows, the
balance was feeder cows, slaughter bulls, and
bred cows. In the feeder division 63 pct. were
steers, 37 pct heifers. 47 pct of feeder cattle
over 600 lbs. Feeder Steer
Medium and Large 1 Head Wt Range Avg Wt
Price Range Avg Price 12 364-396
374 99.00-103.50 101.69 48
415-449 434 94.75-98.00 95.81
73 455-490 473 87.25-93.25
89.74 208 507-546 528
82.00-89.50 87.37 164 550-597
568 79.75-87.00 83.85 246
601-649 625 79.00-84.75 82.11
60 607 607 85.60
85.60 Fancy 53 652-693 669
78.50-82.25 80.95 112 702-747
730 76.25-82.25 80.23 23
812-821 816 74.00-75.75 74.93
24 876 876 80.25
80.25 Thin 51 900-944 941
75.00-76.40 76.32 24 963-993
983 74.00-76.50 75.68 92
1063-1087 1075 73.90-74.00 73.95
26Cattle Price Forecasts5-600 lb Steers
27Cattle Price Forecasts7-800 lb Steers
28Cattle Price Forecasts11-1300 lb Choice Steers
29Return to Labor and Management at Alternative
PricesSteers Fed from 550 lbs. to 750 lbs. _at_
2.77 lbs. Adg.
30Return to Labor and Management at Alternative
Feed PricesSteers Fed from 550 lbs. to 750 Lbs.
_at_ 2.77 lbs. Adg.
31Hog Situation and
Outl
k
32Commercial Pork Production
Breeding Hog Inventory
Livestock Marketing Information Center
33Livestock Marketing Information Center
34Theoretical Four-Year Hog Price, Inventory and
Production Cycles
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38Hog Price Forecasts
39Lamb Situation and Outlook
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41Livestock Marketing Information Center
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46Lamb Price Outlook