Explosive Cattle Board! . . . .

[errolanderson]

Amazing gains across live and feeder cattle. Live cattle have surged about $15/cwt over the past month. Feeder cattle have rocketed over $25/cwt since early April.

Wholesale beef prices racing as market-ready cattle short. PNW packers now sourcing cattle from Alberta lots. Consumers about to get a price shock at retail counter . . . .

[blackjack]

Pretty much the opposite of what the experts predicted.Wall of cattle have mysteriously disappeared for the moment.Probably a good time to lock some feeders in eh Errol.

[grassfarmer]

I called BS on the feeder market last Oct/Nov when the market prices collapsed as the fundamentals just didn't support such a collapse. The claims the US herd had rebounded in numbers from it's 1950s low point inside 2 years and that this oversupply was killing the market was just nonsense. Last fall/early winter prices were contrived, likely by the packers - these articles from the US share my view.

[URL="https://www.agriville.com/threads/32794-bluegrass-stockards"]http://https://www.agriville.com/threads/32794-bluegrass-stockards[/URL]

[URL="http://m.hpj.com/opinion/i-don-t-buy-it/article_598f4fd6-c313-11e6-92e6-d7a91bf0831c.html"]http://http://m.hpj.com/opinion/i-don-t-buy-it/article_598f4fd6-c313-11e6-92e6-d7a91bf0831c.html[/URL]

Time for an investigation so we can prevent this kind of value theft from cattle producers in future.

[Braveheart]

Price are strong now but what about fall? Corn prices could change dynamics. Currency is a wildcard.
There are some good coverage levels on the WLPIP this spring (calves). We've been scale up buying policies as the market rises.

The wildcard is Trump. He's such a loose cannon, if he took aim at returning MCOOL, it wouldn't be good.

[errolanderson]

blackjack agree, this rally has created an excellent pricing opportunity to lock in excellent feeding profits. But also didn't see the recent powerhouse strength buoyed by surging wholesale beef prices stateside. Futures volatility may be extreme for a few more days. Strap-in . . . it may not be over yet.

[newguy]

balog last week said no cattle going out to grass as feedlots buying everything.

[ag-boy]

balog in s ab got to be the highmarket in western Canada and he is getting large offering to, at not mutch kept up cattle yard and buildings
feedlots who lockt in last fall loosing 150 to 200 dollar ahead with Cargil !
very nice market and free enterprice works , be ready for a downturn again .
sask is getting out off community pasture ! hope ab is doing same thing and lease land to

[Guest]

no sticker shock , people will just quit eating it . there's a tipping point with every commodity

[newguy]

new higher end burger joints popping up all over the place these days.Consumer demand still very strong.

[westernvicki]

The major change is the deal Trump signed with China.

Game changer.

[westernvicki]

http://www.beefmagazine.com/business/china-lift-13-year-beef-ban

[blackjack]

The ones not locked in 500 bucks for the good agboy .Good to see after 16s kicken

[grassfarmer]

westernvicki I think that's a "false cause". Nothing is moving to China, not going to any time soon, if ever. Same announcement was made last September and it didn't raise the market then.

No free enterprise in the beef sector ag-boy - at least beyond the farm gate. You don't get competition without less than 10 players in the packing sector and it's a long time since there has been that many. Canada has currently only 2.

The whole thing is increasingly rigged to keep cattle producers in shackles. Packers with the ability to manipulate the futures are controlling the market. Feedlots reported last fall that they couldn't access bank loans to buy calves because the packers weren't giving out spring contracts for fats. We see now that the fats that were contracted for spring have been captured at way under true market value. The market fundamentals didn't change last fall from the previous couple of years - record low cattle numbers, record high store beef price so there was no reason for a cattle price collapse. The livestock insurance program isn't really something to "protect" cattle producers prices or incomes - it's a way to set the market price for feeder cattle - again derived from the cattle futures which are being manipulated.

[errolanderson]

The major change is the deal Trump signed with China.

Game changer.

you are right westernvicki, the Trump deal appeared to be the original ignition for this cattle rally . . . .

[bucket]

Poisoned or tainted beef from Brazil had nothing to do with it?