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Livestock
Live Cattle up Feeders down -

Live cattle futures were up by 15 to 47 cents in the front months, while feeder cattle futures were lower by 35 to 75 cents. The Cargill plant in

Live Cattle up Feeders down -

Live cattle futures are up by 12 to 32 cents in the front months, while feeder cattle futures are lower by 30 to 57 cents. The Cargill plant in

Cattle Futures Market Pauses As Cash Cattle Pull Back -

Live cattle futures were down by $1.925 at Friday’s close, however that still left October $1.025 higher on the week. Feeder cattle futures finish

Cattle Futures Lower on Lower Cash Prices -

Live cattle Oct futures were down by $1.925 at Friday’s close, however that couldn’t erase a wk/wk gain, as future contracts finished $1.025

Cattle Futures Lower on Profit Taking -

Live cattle futures are lower so far this Friday. Feeder cattle futures are down by $1.25 to $2.00 in the nearby contracts. The CME Feeder Cattle

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PRICING UPDATE

Pricing Update


We hope everyone had a Happy Thanksgiving! There are some major things happening in the feed world that will affect prices. Unfortunately, next week and the weeks to come, you will see significant price increases in feeds and minerals containing vitamins A, E and thiamin. To put this in perspective, vitamin A pricing in June 2017 was $18,000 and today is $236,000. This is a worldwide problem that looks to continue for at least the next 6-8 months.


On October 31, 2017, a BASF plant in Germany that manufactures Citral had a fire. Citral is an intermediate for vitamins A and E, thus cannot be made without the Citral. This German plant controls 75% of the worldwide Citral production so you can see the crisis this has created. These vitamins, specifically vitamin A, will become in short supply with skyrocketing prices. There is a real possibility vitamin A will become unavailable before the plant is functional.


To preserve these vitamin inventories, we will be pulling out vitamin A from our cakes. Custom cake formulas that have a complete vitamin/mineral package we will leave alone. Vitamin levels in minerals will be lowered to meet animal requirements. If you desire higher vitamin levels in mineral, you will need to contact Farmers Ranchers Feed Mill.

 


 

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