The global dairy market is currently navigating a period of significant imbalance, with a robust surge in supply threatening to overwhelm sustained, albeit not sufficiently strong, global demand. This dynamic is placing considerable downward pressure on dairy commodity prices worldwide, prompting concerns among major industry players, most notably New Zealand's dairy giant, Fonterra Co-operative Group Limited (NZX: FSF), which is facing mounting pressure to revise its farmgat

After a couple of wild weeks in cattle markets, let’s take a step back to review the bigger picture. The supply side remains tight, with limited opportunities to expand in the short run. Cull cows from the dairy sector may offset some of the reduction beef cull cows on tighter dairy margins. However, this offset is partial. Additionally, dressed weight increases may be topping out. In September, year-over-year increases in cattle dressed weights ranged from 1.5-2.1 percent. I

With break-evens for cattle on the current show lists and Choice steer prices under pressure, feedlot margins last week were down $125/head from the previous week and the lowest since the first week of March. Estimated break-evens for Sterling feedlot margins for current marketings are ranging around $2.05 with feeder cattle at $2.94 /cwt. and corn at $4.60/bu. when these cattle were placed in April. Packer margins gained somewhat with lower prices for purchased cattle (5-Are