CHARTS AGEC 344 AG PRICE ANALYSIS May 2006

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CHARTS AGEC 344 AG PRICE ANALYSISMay 2006

• Tim Petry
• Livestock Economist
• www.ag.ndsu.edu/aginfo/lsmkt/livestock.htm

05-02-06
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Excel SpreadsheetN.D. Markets Feeder Cattle
Dickinson - Stockman's Livestock Exchange Cattle
Prices source www.ams.usda.gov/mnreports/
SF_L8766.txt FEEDER STEERS MEDIUM AND
LARGE 1 MONTHLY AVERAGES MO/YR 4
00-450 450-500 500-550 550-600 600-650 650-700 700
-750 750-800 800-850 850-900 Mar-03 103.91 102.44
97.78 92.21 89.87 83.59 80.09 77.19 74.34 71.86 Ap
r-03 103.83 101.87 98.05 92.85 89.97 85.88 82.29
78.51 74.71 May-03 109.12 108.55 106.89 102.22 98.
87 93.74 88.38 86.19 81.06 80.85 Jun-03 92.18
93.71 91.00 86.92 83.21 78.65 Jul-03 Aug
-03 108.38 104.33 104.70 105.00 402.11 100.71 100.
83 96.74 93.43 92.97 Sep-03 119.29 119.30 112.51 1
08.86 106.34 101.91 102.67 99.75 101.63 94.71 Oct-
03 122.48 115.09 111.37 107.31 104.83 101.52 100.8
0 101.95 Nov-03 128.36 117.89 110.08 106.77 105.
68 104.34 99.88 96.68 Dec-03 129.73 120.46 114.5
0 105.79 105.35 104.58 102.29 99.92 97.95 96.28 Ja
n-04 121.77 120.23 117.91 108.53 103.55 97.38 92.8
5 89.03 85.49 85.06 Feb-04 120.03 119.22 114.82 10
6.64 100.29 95.98 90.10 86.50 83.53 81.18 Mar-04 1
27.74 124.91 118.87 115.54 108.22 101.45 97.05 91.
03 87.68 85.60 Apr-04 128.43 123.11 116.05 112.79
109.48 104.85 101.75 95.48 92.69 87.30 May-04 122
.57 124.58 115.49 114.19 112.65 112.45 105.97 105.
68 98.58 Jun-04 Jul-04 125.00 123.2
3 120.00 117.40 Aug-04 149.21 140.30 130.99 125.0
6 125.35 123.35 116.84 119.20 117.24 111.49 Sep-04
139.68 131.98 126.84 123.20 117.51 116.58 113.86
108.75 Oct-04 144.96 131.60 124.40 122.07 117.86
114.08 110.51 114.17 105.25 Nov-04 149.84 129.23
124.79 116.41 112.51 108.25 106.84 108.64 109.62
Dec-04 138.43 134.58 125.70 117.40 109.80 108.21
104.12 101.58 102.03 96.54 Jan-05 138.29 129.52 12
8.78 123.34 114.79 109.77 106.63 102.93 101.12 98.
33 Feb-05 141.17 132.87 126.85 123.87 116.82 110.9
8 108.96 104.43 98.94 95.30 Mar-05 153.61 147.50 1
35.17 128.81 124.23 117.62 109.71 105.27 104.78 10
1.13 Apr-05 145.50 132.41 134.55 131.27 124.13 12
2.27 112.56 106.58 102.05 May-05 142.50 142.44 138
.75 133.78 127.91 125.57 124.00 118.50 111.25 Jun
-05 Jul-05 Aug-05 123.75 1
23.41 118.25 112.87 112.92 105.62 Sep-05 147.26 13
6.97 130.68 121.01 120.49 118.30 113.75 109.44 112
.48 110.03 Oct-05 154.27 142.25 131.23 125.79 123.
40 122.43 120.45 114.46 118.00 Nov-05 159.20 147.
56 139.85 130.26 126.17 123.11 119.57 116.67 111.9
1 Dec-05 149.69 147.18 140.35 133.63 125.58 119.6
4 118.33 112.74 110.75 112.85
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A Picture is Worth 1000 Words
Source Livestock Market Information Center
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(No Transcript)
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Lowest Prices Occur at Harvest
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History Repeats Itself
Source LMIC
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High (Low) Prices Are The Cure for High (Low)
Prices
Source LMIC
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Bullish (Bearish) Fundamentals Create Bullish
(Bearish) Fundamentals
Livestock Marketing Information Center
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Questions?