Livestock Marketing Information Center

Current Situation and Analysis
Last Updated: 10/15/2018
U.S. CROP UPDATE: CORN, SOYBEANS, AND HAY

      USDA released updated crop production (NASS Crop Production report) and their World Agricultural Supply and Demand Estimates (WASDE) publication on October 11th. The biggest adjustments were made in 2018 hay production estimates.


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CATTLE ON FEED PLACEMENT WEIGHT SEASONALITY

      The last two Cattle on Feed reports by USDA’s National Agricultural Statistics Service have shown rather large placements of animals on-feed relative to a year ago. In July and August, head placed was the largest in over five years for the respective months. Further, larger placements were posted in both the less than 600-pound weight group and the 600- to 699-pound category. In July, the number of calves placed weighing under 600 pounds was up 14% year-over-year, while 600-to 699-pound claves increased by 23%. In August, those categories were 19% and 18% above 2017’s.


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GROCERY STORE MEAT PRICES MOVE LOWER IN SEPTEMBER

      At the retail level, beef, pork, and chicken prices were drifting lower in September, based upon Bureau of Labor Statistics survey data that is compiled by USDA’s Economic Research Service (ERS). The decline for beef and pork reversed a trend of rising prices during the summer months. Chicken prices have moved within a narrow range since February.


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