By Derrell S. Peel, Oklahoma State University Extension Feedlots surprised the industry with sharply higher than expected June placements.  Placements were up 16 percent, fully 10 percent higher than expected.  This pushed feedlot inventories for July 1 up 4.5 percent from last year despite continued strong June marketings.  Feeder cattle demand has been extremely strong [...]

-David P. Anderson, Professor and Extension Economist, Department of Agricultural Economics, Texas A&M University Fed cattle prices took another step lower to end June, finishing up in the low $120s per cwt across fed cattle country. Prices dropped about $17 per cwt over the course of the month. While the average price for the week [...]

The U.S. is the fourth largest beef exporting country and the largest beef importing country.  The U.S. is often a net importer of beef, with the quantity of beef imports exceeding beef exports.  Occasionally, beef exports exceed the quantity of beef imports.  Most often however, the value of beef exports exceeds imports making the U.S. [...]

The fed cattle market pushed to new seasonal highs last week over $130/cwt.  Fed prices have continued to pleasantly surprise with a stronger than expected first quarter that has extended through much of April.  Fed prices have been supported by strong boxed beef prices.  After a brief drop in early April to $207/cwt. from the [...]