Cattle Market Update - Anne Dunford from Realagriculture

▶ Reply to This

Replies to This Discussion

Permalink Reply by OntAG Admin on October 19, 2009 at 9:34am

Here is the latest Update from Anne Dunford on Realagriculture.com

▶ Reply

Permalink Reply by OntAG Admin on October 19, 2009 at 9:47am

USDA Cattle On Feed Report: Should be Supportive of Prices.

Please click on the link below for today’s Daily Video Market Commentary from Farms.com Risk Management

http://video.farms.com/VideoPlayerRM_m/

*Note*-The video is best viewed with Internet Explorer and Safari. You may experience difficulties when using Firefox.

Moe Agostino, Managing Commodity Strategist, Farms.com Risk Management – Daily Commodity Market Commentary Report for October 19, 2009.

This video is being sponsored by Pride Seed Performing Everywhere You Go.

In this past Friday’s Cattle on Feed Report for October 16, 2009 came in as expected but for the first time in 18-months the on-feed numbers were higher than a year ago but the supplies were still relatively small so this should be supportive of cattle futures.

Cattle in US feedlots with capacity of 1,000 or more head totaled 10.5 million head on October 1, 2009 and this was 1% (101%) above October 1st, 2008 vs. expectations of a 100% vs. prior month at 99%.

Placements in feedlots during September totaled 2.39 million, 5% (105%) above 2008 vs. expectations of 105% vs. prior month of 102%. Net placements were 2.06 head.

Marketing’s of fed cattle during September totaled 1.75 million head, 4% (96%) below 2008 vs. expectations of 98% and prior month at 96%. This is the third lowest fed cattle marketing’s for the month of September since the series began in 1996.

BOTTOM-LINE:

The October 1 cattle on feed report was neutral, however the September marketing’s total was reported smaller than expected (96% vs. 98%) and the futures market may view this as bullish but cattle futures may have already built in these numbers so a bottom has occurred for now but we expect the futures to retest the bottom one more time.

In other news, weekly export sales were reported this past Friday with US soybeans at 654,500 mt above expectations of 500-650,000mt up 45% from the week prior while corn was reported at 631,800 mt vs. expectations of 600-800,000 mt, up 21% from the week prior and finally wheat came in at 480,200 mt vs. expectations of 450-600 000 mt down 37% from the week prior.

The much anticipated Deutsche Bank liquidation or rebalancing of their commodity portfolios begins today and is expected to mostly impact wheat, corn soybeans, cattle and hogs over the coming 10 days.

The upper US Midwest including Ontario has experiencing a cooler than normal growing season and now persistent rainfall and cold temperatures have caused the worst harvest delays in recent memory.

In today’s USDA crop progress report markets are not looking for much progress on harvest as last week provided more rain so weather will continue to be the focus with the grain markets as harvest will be a tough go and brief with periods of dry periods as rain is called again by the middle of this week. Unfortunately it might just be a long harvest this year.

Please visit our website at www.riskmanagement.farms.com. Until next time thanks for watching.

Thank-you

Maurizio (Moe) Agostino, HBA, DMS, FCSI

Managing Commodity Strategist

Farms.com Risk Management

Toll-Free: 1-877-438-5729 ext. 5040

Cell: 1-519-871-2134

Fax: 1-519-438-3152

E-mail: moe.agostino@farms.com

Website: http://riskmanagement.farms.com

Mike McFarlane

Farms.com Risk Management

Toll-Free: 1-877-438-5729 Ext 5110

Fax: 1-519-438-3152

E-Mail: mike.mcfarlane@farms.com

Website: http://riskmanagement.farms.com

▶ Reply

▶ Reply to Discussion

RSS

Welcome to
Ontario Agriculture

Sign Up
or Sign In

Agriculture Headlines from Farms.com Canada East News - click on title for full story

Alberta Rural Municipalities Pushing For Raw Milk

The Rural Municipalities of Alberta have voted to push for changes to Canada’s raw milk laws. At this week’s convention, two-thirds of Alberta towns and counties backed a resolution from the MD of Greenview calling on Ottawa to allow on-farm sales of unpasteurized dairy under strict conditions. Supporters say modern safety practices—like closed milking systems, refrigeration, and microbial testing—can reduce health risks. They point to European models where raw milk is legal with producer registration, labelling, and traceability. Right now, raw milk sales are banned in Canada, driving an underground market. Advocates argue a regulated system would give consumers choice and help rural economies thrive. Alberta’s agriculture department opposes the move.

Water driven yield potential technology aims to improve ROI for producers

Water is one of the most important inputs in agriculture, and is often the most significant factor limiting crop yield, particularly in dryland farming. Working with EMILI at Innovation Farms powered by AgExpert during the 2025 season allowed Crop Intelligence to fine-tune its Dryland Farming Ultra Package to help producers better understand their water driven yield potential (WDYP). Dryland Farming Ultra is a hardware and software solution that allows farmers and agronomists to monitor the total available water for their crop, and use that information to make informed decisions on overall crop agronomy. Often, producers use soil tests and tissue tests and base agronomy decisions on these results. Crop Intelligence allows producers to take it one step further to measure how much can be grown based on the total amount of water available. “I think there are a lot of assumptions in any given year about how much can be grown, but without actually measuring it, it’s impossible to know whe

This is agriculture: Third-generation Manitoba grain farmer

Rick Rutherford is a third-generation farmer whose deep passion for agriculture has led to local and international partnerships focused on advancing innovation and supporting the next generation of farmers. Rutherford is the first producer EMILI partnered with when launching Innovation Farms powered by AgExpert in 2022. Locating the first Innovation Farms on Rutherford’s 5,500-acre seed farm in Grosse Isle, Manitoba has allowed EMILI to provide innovators with access to leading-edge equipment, technology, and production practices to increase productivity, sustainability, and profitability across the agriculture and agri-food sector. Rutherford Farms has hosted Harvest on the Crescent since 2021. Each year a different crop grows on Wellington Crescent while raising money for Harvest Manitoba. Over the past five years this initiative has raised thousands. Describe your job in one sentence. I am a third-generation farmer operating a pedigreed seed and commercial grain farm located in

John Deere defending against misinformation again

A video circulating online indicates the manufacturer is leaving Canada

Border restrictions in place due to U.S. vesicular stomatitis outbreak

The Canadian Food Inspection Agency (CFIA) has announced temporary import restrictions on horses, swine, and ruminants — including cattle — from certain U.S. states following an outbreak of vesicular stomatitis (VS). Importation of these animals from affected states is currently suspended until further notice. Canadian-origin animals that have been in a VS-affected state within the past 21 days will also be denied re-entry to Canada, except under very limited circumstances. To return to Canada, animals must have been moved to a non-affected state, remained there for at least 21 days, and be certified by the U.S. Department of Agriculture (USDA) as originating from areas free of clinical or epidemiological evidence of VS during that period. Producers and transporters are encouraged to avoid travel through VS-affected states whenever possible. If transit through these areas is unavoidable, shippers must complete a supplementary declaration upon arrival at a Canadian port of entry.

More…

Badges | Report an Issue | Terms of Service