Oklahoma Farm Report masthead graphic with wheat on the left and cattle on the right.
Howdy Neighbors!
Ron Hays, Director of Farm and Ranch Programming, Radio Oklahoma Ag Network  |  2401 Exchange Ave, Suite F, Oklahoma City, Ok 73108  |  (405) 601-9211

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. Januarys 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

  • Kim Anderson Says Grain Markets are Slow, But Thinks They May Have Found a Bottom, on SUNUP  Thu, 20 Sep 2018 16:57:32 CDT
  • Thursday Market Wrap-Up with Justin Lewis  Thu, 20 Sep 2018 15:08:40 CDT
  • Oklahoma Grain Elevator Cash Bids as of 2:00 p.m. Thursday, September 20, 2018  Thu, 20 Sep 2018 14:57:55 CDT
  • Thursday Afternoon Market Wrap-Up with Carson Horn  Thu, 20 Sep 2018 14:12:47 CDT
  • Drought in Oklahoma Back on the Rise, But Heavy Rains Soon to Arrive Could Turn Things Around  Thu, 20 Sep 2018 12:14:26 CDT
  • EPA Updates the Renewable Fuel Standard Website to Increase Program's Level of Transparency   Thu, 20 Sep 2018 11:47:10 CDT
  • Biodiesel and Soy Producers Ask President Trump to Support Policies to Expand Biodiesel Production  Thu, 20 Sep 2018 11:41:51 CDT
  • Stakeholders Invited to Take Part in Rural Economic Outlook Conference Set for October 17 at OSU  Thu, 20 Sep 2018 11:30:18 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 KIS FUTURES, INC. Oklahoma Cattlemen's Association

    Search OklahomaFarmReport.com

    Find more about Weather in Oklahoma City, OK

       
       
    © 2008-2018 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.