Farms.com Home   News

January Florida Cattle Market Price Watch

By Chris Prevatt

The August 2017 Feeder Cattle futures contract decreased by $1.20/cwt. during January.  Based on this futures price decrease, August Feeder Cattle revenues decreased by approximately $9.00/head ($1.20/cwt. * 7.5 cwt.) on a 750-pound feeder steer which amounts to $600.00/truckload (50,000 lbs.). The August Feeder Cattle futures contract high, contract low, and price range since September 2016 are $128.60, $109.90, and $18.70/cwt., respectively. The price range of $18.70/cwt. on a 750-pound feeder steer totals $140.25/head and $9,350.00/truckload.

 


 

  1. The breakeven price was estimated to be $722.10/hd. or $131.29/cwt. ($722.10/hd. divided by 5.50 cwt.). The breakeven price includes production costs of $705/hd. and death loss of $17.10/hd.
  2. The price objective was estimated to be $872.10/hd. or $158.56/cwt. ($872.10/hd. divided by 5.50 cwt.). The price objective includes production costs of $705/hd., death loss ($17.10/hd.), family living withdrawal ($100/hd.), and growth capital/retirement ($50/hd.).
  3. The expected cash price is equal to the daily August 2017 Feeder Cattle futures closing price plus an expected August 2017 South Florida 550 lb. Feeder Calf Basis of $2/cwt.

Source: ufl.edu
 


Trending Video

Dr. Urbano Ruiz: Fine-Tuning Swine Diets

Video: Dr. Urbano Ruiz: Fine-Tuning Swine Diets

In this episode of The Swine Nutrition Blackbelt Podcast, Dr. Urbano Ruiz from the University of São Paulo shares insights from his team's research on the digestibility of different corn-based feed ingredients in swine at various growth stages.