RANCHING Business
seasonal fed cattle markets. Seasonal fed market years are
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LONE STAR AG CREDIT & TEXAS LAND BANK
HAVE COMBINED FORCES TO PROVIDE YOU WITH THE BEST SOLUTIONS FOR YOUR FINANCIAL NEEDS.
defi ned according to the cash fed market moving higher into the spring from the winter. This chart also includes 2013
and 2014. The 10-year seasonal and 2013 lines are calculated as an index just to show the pattern; the line for 2014 is based on actual prices. The index shows that from November into March, June live cattle typically increase. Last year they actually moved lower. Knowing that prices typically
go up for June live cattle into the month of January is supportive to feeder cattle values. But if that trend changes, like last year, it will be negative to the value of feeder cattle. This is important to know in making an informed business/ risk management decision. As said earlier, the next couple of articles will continue this discussion and provide even more detail about risk management. The bottom line is if the deferred
live cattle futures contracts are ris- ing, then there is less risk to the val- ue of your feeder cattle and calves and vice versa. Knowing that sea- sonality is a key component, and if you would like to know more about this type of information, become a CattleFax member. Editor’s note: CattleFax provides
Your agribusiness & land lending cooperative
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36 The Cattleman January 2014
the daily market report to users of The Cattleman NOW and The Cat- tleman Plus, our smartphone and tablet apps. The analysts at Cattle- Fax are also providing a monthly column to further educate members of Texas and Southwestern Cattle Raisers Association (TSCRA). Cattle- Fax offers TSCRA members a special price on CattleFax Select membership — a 2-year membership for $100, a 50 percent savings. Call 800-825-7525 for details.
thecattlemanmagazine.com
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