Farms.com Home   News

November Cattle Market Price Watch

The August 2017 Feeder Cattle futures contract increased by $7.66/cwt. during November. Based on this futures price increase, August Feeder Cattle revenues increased by approximately $57.45/head ($7.66/cwt. * 7.5 cwt.) on a 750-pound feeder steer which amounts to $3,830.00/truckload (50,000 lbs.). The August Feeder Cattle futures contract high, contract low, and price range since September 2016 are $128.00, $109.90, and $18.10/cwt., respectively. The price range of $18.10/cwt. on a 750-pound feeder steer totals $135.75/head and $9,050.00/truckload.

 

Source: ufl.edu

  • 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.
  • 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.).
  • 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.





  
 


Trending Video

Dr. Edison Magalhaes: Data Science in Pig Farming

Video: Dr. Edison Magalhaes: Data Science in Pig Farming

In this episode of The Swine it Podcast Show Canada, Dr. Edison Magalhaes, from Iowa State University, explores the use of data to drive efficiency in swine production. From integrating farm data to building predictive models and automating processes, Dr. Magalhaes discusses current data challenges and how a holistic approach can enhance farm productivity and health outcomes. Listen to the full episode now on your favorite platform!