LIVESTOCK-Feeder cattle contracts fall after USDA report

Apr 27, 2023

Chicago Mercantile Exchange live cattle contracts edged higher on Monday, while feeder cattle contracts fell, after U.S. government data released on Friday afternoon showed bigger-than-expected supplies in feedlots.

The U.S. Agriculture Department’s monthly report showed that the number of U.S. cattle on feed, as of April 1, was down 4% from a year earlier - which beat analysts’ expectations. USDA reported March placements of cattle into feedlots as down 1%, compared with expectations for a 5.2% drop.

Traders also noted some profit-taking in the feeder cattle contracts.

CME’s April live cattle futures settled up 0.325 cent at 174.3 cents per pound. Most-active June live cattle contract gained 0.025 cent to 164.55 cents, settling above its 10-day moving average.

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Video: Reducing Nursery Feed Costs Without Losing Performance - Dr. Julian Arroyave

In this episode of The Swine Nutrition Blackbelt Podcast, Dr. Julian Arroyave, a research swine nutritionist at Carthage Innovative Swine Solutions, discusses nursery feed budget strategies designed to reduce costs without compromising pig performance. He explains trials comparing high, medium, and low phase 1 and phase 2 feed budgets, including commercial validation data showing improved income over feed cost when lower-budget programs were applied under healthy herd conditions. Listen now on all major platforms!

Click here to read the full research article: https://academic.oup.com/tas/article/...

"Results showed that the low-budget program increased income over feed cost by $1.48 per pig."

Meet the guest: Dr. Julian Arroyave / julian-arroyave-jaramillo-638740129 is a research swine nutritionist at Carthage Innovative Swine Solutions, with experience in nursery nutrition, diet formulation, and commercial research trials. He completed his PhD at Kansas State University and previously worked as a nutrition supervisor at Kekén in Mexico. His work focuses on nutritional strategies that improve production efficiency while controlling feed costs. Learn more from Dr. Julian Arroyave Jaramillo on The Swine Nutrition Blackbelt Podcast, available on all major platforms.