Ext conference 10-13-15
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Cattle Situation and Outlook Tim Petry – Livestock Economist www.ndsu.edu/livestockeconomics October 13, 2015 Photo courtesy of Judy Jacobson, Watford City Ext Conference-10-13-15.ppt
Transcript of Ext conference 10-13-15
Cattle Situation and OutlookTim Petry – Livestock Economistwww.ndsu.edu/livestockeconomicsOctober 13, 2015
Photo courtesy of Judy Jacobson, Watford City
Ext Conference-10-13-15.pptx
Record Breaking Prices!
2014 – A Year to Remember
STARS ALIGNED PERFECTLYMED. FRAME #1 STEER CALF PRICES
550-600 Pounds, N.D., Weekly - 2014
JAN APR JUL OCT100120140160180200220240260280300
What Happened?OCT FDR CAT
JAN APR JUL OCT85
95
105
115
125
135
145
155
165
175
SLAUGHTER STEER PRICES5 Market Weighted Average, Weekly
Avg. 2008-12 2013 2014Fut 2015 2015 Fut 2016
$ Per Cwt.
Fed Cattle Price Predicament
C-P-3909/21/15
Data Source: USDA-AMS & USDA-NASS Livestock Marketing Information Center
M-S-1109/22/15
C-S-1810/02/15
MED. FRAME #1 STEER CALF PRICES550-600 Pounds, N.D., Weekly
JAN APR JUL OCT100
120
140
160
180
200
220
240
260
280
300
2015 2014 2009-2013 Ave
Perspective500-600 lb Steers, ND
Monthly
Jan-11
Mar-11
May-11Jul-1
1Se
p-11
Nov-11Jan-12
Mar-12
May-12Jul-1
2Se
p-12
Nov-12Jan-13
Mar-13
May-13Jul-1
3Se
p-13
Nov-13Jan-14
Mar-14
May-14Jul-1
4Se
p-14
Nov-14Jan-15
Mar-15
May-15Jul-1
5100
120
140
160
180
200
220
240
260
280
300
MED. & LRG. #1 FEEDER STEER PRICES750-800 Pounds, N.D., Weekly
JAN APR JUL OCT80
100
120
140
160
180
200
220
240
260
2016 Futures 2015 Futures 20152014 2009-2013 Ave
Livestock Marketing Information CenterData Source: USDA-AMS
C-P-3510/05/15
JAN APR JUL OCT45
55
65
75
85
95
105
115
125
135145
SLAUGHTER COW PRICES85-90% Lean, Weekly
Avg. 2009-13 2014 2015
$ Per Cwt.
Data Source: USDA-AMS, Compiled and Analysis by LMIC
Livestock Marketing Information Center
C-P-0610/05/15
19871988
19891990
19911992
19931994
19951996
19971998
19992000
20012002
20032004
20052006
20072008
20092010
20112012
20132014
20152016
201750
75
100
125
150
175
200
225
250
275
AVERAGE ANNUAL CATTLE PRICESSouthern Plains
500-600lb Steer Calves 700-800lb Feeder Steers Fed Steers
$ Per Cwt
Price Risk Management Tools
• Cash forward contract• Video and internet auctions• CME futures• CME options• Livestock Risk Protection (LRP)• Livestock Gross Margin (LGM)• Which one or combination fits your
marketing plan?
Volatile Prices – Will Continue!Questions!
