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TheBeefSite Newsletter - 7 August 2013

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TheBeefSite
Wednesday 7th August 2013.
Michael Priestley - Editor

Michael Priestley
Editor


Corn Prices Continue to Dominate Feedlot Picture

US Feedlot marketings are likely to remain strong into autumn but drop sharply into 2014 from October.

Mexican cattle imports will be down by 800,000 head by the end of the year and, with large heifer numbers placed in feedlots through the spring and summer, feedlot numbers will drop.

This is the outlook of Derrell Peel, cattle marketing specialist at Oklahoma State University who has estimated that 100-230,000 replacement heifers have entered the feedlot system this year.

This will pressure the supply side because these cattle cannot be placed for the remainder of the year, and secondly, because some expect heifer retention to increase around October.

These conclusions are drawn from an analysis that breaks down cattle on feed reports into sex, weight, breed and age.

In doing this, Darrel Peel has noted that, while the July data reported overall placements as lower, heavy animals - over 800lbs - were up 27 per cent.

Likewise, light placements - under 700lbs – were down 30 per cent. This, Mr Peel has concluded, is due to the pressure of corn bushel price which has forced the industry into placing cows on feed at a heavier weight, thus saving on finishing costs.

Spring data from Kansas shows steers have been on feed nine days less than last year’s average.

While cash and futures corn has subsided in recent weeks, the price of feed clearly rests on the minds of cattlemen.

Mr Peel said that this has been the case since 2011, when drought conditions began a period of flux in the beef markets.

But, little consolation has come from government reports that have cast a gloomy shadow over US business.

Quarterly growth figures of 1.1 per cent and 1.7 per cent are below the 2 per cent targets hoped to stimulate consumers into spending, said Missouri Economist Ron Plain last week.

However, good news came from markets with deadweight figures over $2 higher than the previous and $5 up year on year at $190.18/cwt.

This cannot be said for European farmers who have endured lower prices through July.

Prices for top grade heifers dropped 19c/kg to 438.4 c/kg with France recording the highest values at an average of 466 c/kg, the Livestock and Meat Commission of Northern Ireland has revealed.

Over in America, farmers are watching crop progress reports which 63 per cent of plantings in good or excellent condition last week.


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This Week's Articles and Analysis

Expression of Genes Controlling Fat Deposition in Two Genetically Diverse Beef Cattle Breeds Fed High or Low Silage Diets
Beef producers looking to control fatty acid composition in beef cattle tissues should account for genetics when devising silage diets.

EU Beef Farms Report 2012: Feed Costs Up 74 per cent Since 2000
A European Commission report has revealed that beef production costs have risen faster than output. Feed costs have increased between 45 and 74 per cent over the period between the year 2000 and 2009.

Mycotoxins and Their Control with Feed Additives
Following the recent publication of 'Mycotoxins Quo Vadis? Why Feed Additives?', first author, Dr Radu Marti, tells TheCattleSite why he wrote the book and how it can help animal feed and health professionals.

Interpreting the Cattle on Feed Report
By analysing cattle on feed reports by sex, weight and age, inferences can be made about the direction in which the feedlot sector is heading, according to Derrell Peel, Livestock Marketing Specialist, Oklahoma State University Extension.

Company News

Mycotoxin Workshop Supported by Biomin
BELGIUM - From 22 to 24 May 2013, the University College and University of Ghent, as well as the Society of Mycotoxin Research organised the 35th Mycotoxin Workshop.
Market Reports

EBLEX Cattle Weekly - 2 August 2013
UK Farming and Food Brief - July 2013
USDA Agricultural Prices - July 2013

Global Beef Industry News

   United States

CME: Nearby Futures Close Higher, Tuesday
New Antibiotics Guidelines for Livestock Producers Explained
Short Corn Crop, Long Price Tail - Are We There Yet?
Tyson Reports Record Sales
CME: Futures Close Mixed After Early Gains, Monday
Supplementing and Extending Hay for the Winter
Weekly Cattle Outlook: Growth Rates Not Good News for Beef Prospects
CME: Futures End Mostly Lower, Friday
USDA Weekly Grain Update: Corn, Soy See Sharp Declines, Wheat Higher
EU Extends Beef Import Pact with US
Sales up Eight Per Cent at Land O'Lakes
Nutrition Agreement Makes Farm Bill More Difficult
CME: Futures Post Losses Closing Near Day Lows, Thursday
Research Allays Fears of Antibiotic Residues in DDGS
US Producers Have Hay and Grass on Agenda
CME: Cattle Futures Finished Mixed Wednesday
CME: Corn, Soybean Maintained Condition
CME: Futures Continue Sideways Trend as Traders Wait on Cash Signals, Tuesday
NFU Joins Suit to Support COOL
Demand Prospects for Old Crop and New Crop Soybeans

   Australia

Livestock Waste Powers Queensland Farm
New Role to Strengthen Animal Welfare
MLA: Weekly Cattle Summmary
Beef Trimmings Prices up in the US
Big Exports Not Helping Weather Hit Cattlemen
Australian Cattle Markets See Higher Numbers, Tuesdays

   China

FMD: Laboratory Confirms Foot and Mouth in Tibet
Chinese Agricultural Food Prices Keep Rising

   Global

Laboratory Beef: The Sustainable Answer?
CPF Acquires Russian Pork, Grain Firm
US Reissued With Zero Duty Agreement

   Ukraine

'Hazardous' Animal Product Seized By State
Ministry Confident of Meat Production Lift

   European Union

LMC: EU Beef Prices Drop Back on June Levels
Commission Opens Consultation on Family Farming
EU Trade Barriers Lifted with Four Latin American Countries

   Nicaragua

Nicaraguan Livestock Sector Maintains Output

   France

SPACE President Passes Away
French Retailers Relax Grip on Beef Margins

   Costa Rica

New Vaccine Strain Furthers Brucellosis Treatment

   India

Aid Needed After 18,000 Cattle Die in Storm
Vet Recruitment Plans to Address Under-staffing

   United Kingdom

LMC: Steer Prices Back Slightly, Late July
Are Shoppers Driven By Provenance?
No Significant Increase Forecast in Prime Cattle Supplies
Dry Spell Causes Grass Concerns
Industry Forecasts Low Veal and Beef Output
Key Performance Indicators Show Lower Calf Registrations

   New Zealand

Farmers Should Secure Feed Early

   Canada

Maple Leaf Foods Records Loss
Cattlemen Welcome Import Levy
Explore Various Options for Addressing Excess Phosphorus
Beef Marketing and Promotion Levy to be Applied to Imported Cattle and Beef
Flood Resources for Agricultural Producers

   Slovakia

Agricultural Agreement between China and Slovakia

   Austria

Austrian Drought Triggers Emergency Support

   Italy

Female Farmers Are Answer to Land Abandonment

   Singapore

Singaporean Visit Hopes to Increase Confidence in UK Beef’

   Denmark

Travelling Danes Expose Themselves to Salmonella Risk

   South Africa

Progress in Farming Sector Assessed by Committee

   Russian Federation

Moscow Seminar to Provide Breeding and Genomics Advice

   Norway

Norwegian Fodder Crisis Leads to Culling

Events/Promotions

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The Drost Project - A Visual Guide to Porcine, Pig Reproduction.
Biomin - Mycotoxins

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