Oklahoma Farm Report masthead graphic with wheat on the left and cattle on the right.
Howdy Neighbors!
Ron Hays, Director of Farm Programming Radio Oklahoma Network  |  7401 N. Kelley Ave. Oklahoma City, OK 73111  |  (405) 841-3675  |  Fax: (405) 841-3674

advertisements
   
   
   
   
   
   
   
   

Agricultural News


Feedlots Finally Making Money in Early Days of 2017- LMIC

Tue, 14 Feb 2017 05:47:42 CST

Feedlots Finally Making Money in Early Days of 2017- LMIC Cattle sold by feedlots during January were in the black in January for the first time several months. In January, fed steer prices are the highest for any month since June 2016. January’s closeout profit was the largest for any month since the summer of 2014. Estimated closeouts by the Livestock Marketing Information Center (LMIC) showed that for the last seven months of 2016 every month had red ink. In fact, only two months since January 2015 were profitable when all economic costs were considered. Even though returns have improved, due to huge financial losses in recent years, cattle feeders will likely remain rather cautious when bidding for feeder cattle


As calculated by the LMIC, which assumes a feeder steer weight of 700-to 800-pounds, the January breakeven steer sale price was estimated at $112.00 to $114.00 per cwt. Breakeven sales prices for the next several months will remain low, ranging from about $108.00 to $112.00 per cwt. throughout the spring months. That is the lowest since early 2011.


Important adjustments between the prices of feeder steers and fed animals began in the summer of 2015 as cattle feeding losses began to eliminate huge calf and yearling premiums (i.e. feeder price premiums per cwt. relative to fed cattle prices in the same timeframe were much larger than normal). In the summer of 2015, that premium for a 700-to 800-pound steer at times exceeded $75.00 per cwt. in the Southern Plains. By year-end, that had dropped to just over $30.00. As 2016 progressed, that premium remained well below levels of earlier years. Rising fed cattle prices compared to feeder animals pushed that price difference even lower in January of this year. The lower feeder cattle prices also reflects bigger calf crops.


Source- LMIC website



   

 

 

WebReadyTM Powered by WireReady® NSI

 


Top Agricultural News

  • AFR LEAD Golf Tourney Raises $10K for Deserving Veterans Seeking Involvement in the Ag Industry  Fri, 18 Aug 2017 15:42:19 CDT
  • Oklahoma grain elevator cash bids as of 2:00 pm Friday, August 18, 2017  Fri, 18 Aug 2017 14:40:43 CDT
  • Friday Afternoon Market Wrap-Up with Carson Horn   Fri, 18 Aug 2017 14:07:15 CDT
  • House Ag Committee's Frank Lucas- No Issue Closer to My Heart Than Conservation  Fri, 18 Aug 2017 13:58:04 CDT
  • OK Cattlemen's Assoc. Gears Up for Annual Range Round Up Benefiting Children's Miracle Network  Fri, 18 Aug 2017 12:53:31 CDT
  • Nina Webb of Guymon, Oklahoma Recognized as a Significant Woman in Oklahoma Agriculture  Fri, 18 Aug 2017 09:57:58 CDT
  • Argentina Grants US Pork Products Market Access, Eliminating Non-Science Based Import Barriers  Fri, 18 Aug 2017 09:44:45 CDT
  • Friday Preopening Market Update with Dave Lanning  Fri, 18 Aug 2017 07:16:53 CDT

  • More Headlines...

       

    Ron salutes our daily email sponsors!

    Livestock Exchange Oklahoma Ag Credit Oklahoma Farm Bureau National Livestock Credit P&K Equipment Tulsa Farm Show Stillwater Milling American Farmers & Ranchers KIS FUTURES, INC. Oklahoma Cattlemen's Association

    Search OklahomaFarmReport.com


       
       
    © 2008-2017 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup

    WebReady powered by WireReady® NSI