Farms.com Home   News

March Florida Cattle Market Report

Prevatt Chart 1 4-6-16
 
The August 2016 Feeder Cattle futures contract declined by $1.30 cwt. during March. Based on this futures price decrease, August Feeder Cattle revenues decreased by approximately $9.75/hd. ($1.30/cwt. * 7.5 cwt.) on a 750-pound feeder steer which amounts to $650.00 per truckload (50,000 lbs.). The August Feeder Cattle futures contract low, contract high, and price range since September 2015 are $147.20, $188.70, and $41.50/cwt., respectively. The price range of $41.50/cwt. on a 750-pound feeder steer totals $311.25/hd. and $20,750.00 per truckload.
 
Prevatt Chart 2 4-6-16
 
  1. The breakeven price was estimated to be $783.30/hd. or $142.42/cwt. ($783.30/hd. divided by 5.50 cwt.). The breakeven price includes production costs of $765/hd. and death loss of $18.30/hd.
  2. The price objective was estimated to be $933.30/hd. or $169.69/cwt. ($933.30/hd. divided by 5.50 cwt.). The price objective includes production costs of $765/hd., death loss ($18.30/hd.), family living withdrawal ($100/hd.), and growth capital/retirement ($50/hd.).
  3. The expected cash price is equal to the daily August 2016 Feeder Cattle futures settlement price plus the expected August 2016 South Florida 550 lb. Feeder Calf Basis of $8/cwt.
 

Trending Video

2024 Ontario's Finest Butcher Competition

Video: 2024 Ontario's Finest Butcher Competition


11th annual Ontario finest butcher competition hosted by meat and poultry Ontario it's going to be an exciting and safe day as we watch 15 incredible competitors showcase their skills and passion for the craft of Butchery.