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

Suffolk Ewe ADOPTS Dorset Lamb! | Sheep Farming at Ewetopia Farms

Video: Suffolk Ewe ADOPTS Dorset Lamb! | Sheep Farming at Ewetopia Farms

Suffolk ewe adopts Dorset lamb, lamb races, and moving sheep are all happening at Ewetopia Farms as we move more Dorset ewes and lambs to the Coverall. One special story today—a Suffolk ewe has adopted a Dorset lamb, showing incredible motherly love! We also check on all the growing lambs, refresh bedding to reduce condensation, and enjoy the lamb races! Plus, an update on the remaining sheep in the family groups as we await the second wave of lambing. Join us for another day of real-life sheep farming!