Joe Kooima of Kooima Kooima Varilek cattle futures have done a lot of heavy lifting the last three to four weeks with the stubborn cash market.
Brad Kooima of Kooima Kooima Varilek says last week’s technical breakout in cattle was a surprise to him due to the current fundamentals.
Low herd numbers and delayed wheat pasture demand are keeping a firm floor under calf prices, even as retail cutouts struggle to break higher.
Last week the live and feeder cattle futures technically looked promising says Joe Kooima of Kooima Kooima Varilek, but then the market posted lower weekly closes.
Cattle futures ran into chart resistance after new highs for the move on Thursday and on live cattle the market tested the long term trend line.
Kyle Bumsted of Allendale says the market is seeing technical buying and is right up into chart resistance.
High feed costs, retail resistance and resuming Mexican imports signal lower prices, but structural supply limits offer downside protection.
Joe Kooima with Kooima Kooima Varilek says the cattle charts are looking more friendly after last week. While grains are disappointed in the lack of details from the China trade summit.
Varilek says the slowdown in slaughter tied to ICE raids has hurt producers leverage in the cash market and it has been reflected in northern bids.
As geopolitical headwinds, herd liquidation and feed volatility drive livestock markets, here is a breakdown of how the 12-state CME Feeder Cattle Index connects local auctions to futures and LRP insurance.
Joe Kooima of Kooima Kooima Varilek says the report is the kind of trigger needed to change the momentum in the cattle market.
Scott Varilek with Kooima Kooima Varilek says the market has seen sloppy trade and profit taking with news of the Santa Teresa port opening but it isn’t new news.
Feeders 25 miles from the shuttered beef plant say the ripple effects are showing up in their basis, their bids and their bottom line.
High beef prices stem from basic supply and demand—not market failure. Government intervention will only stall the recovery.
Joe Kooima of Kooima Kooima Varilek says while last week’s higher weekly closes send a strong signal a bottom is in place in the cattle market, he’s not ready to say funds will be piling back in to buy yet.
Scott Varilek with Kooima Kooima Varilek says the recovery in the cattle market this week feels good but he is watching for several signs to feel confident about sustaining it.
Brad Kooima with Kooima Kooima Varilek says the presidential executive orders will not have any immediate impact on the cattle industry or the market.
Scott Varilek with Kooima Kooima Varilek says the cattle market is very oversold and due for a bounce but the long term charts have been damaged.
Cattle futures were trying to bounce early Monday as both live and feeder cattle are oversold after lower weekly closes says Brad Kooima with Kooima Kooima Varilek. However, he was cautious about it holding.
Ground beef demand remains strong as cattle producers push back on Trump’s latest beef import plan that sent cattle prices sinking. Ranchers say consumers don’t have a beef price problem — they have a fuel price problem.
Scott Varilek with Kooima Kooima Varilek says after a bounce on Thursday many producers were asking if a bottom was starting to be forged but the negative stories won’t die down.
The administration’s temporary 90-day tariff waiver aims to lower retail ground beef prices, but experts warn it may derail domestic herd expansion.
Brad Kooima of Kooima Kooima Varilek says the placements were 11% below last year and a bullish surprise for him and the trade. However, the President’s beef plan it stifling the recovery.
Scott Varilek with Kooima Kooima Varilek says the Truth Social post from President Trump that 300,000 MT of beef imports will enter the U.S. duty free over the next 90 days to lower beef prices tanked the cattle market early Friday.
Seeking to ease historic grocery inflation, the administration opens the doors to foreign beef, but the U.S. cattle industry says the move will hurt domestic herds. The announcement on Friday sent the futures markets lower.
Joe Kooima with Kooima Kooima Varilek says the cattle were down early Friday pricing in the plant closure news, but this time seems different regarding the long term implications for the market.
Brad Kooima of Kooima Kooima Varilek says live cattle failed at the 50% retracement levels, even with higher cash trade. So, what will it take to get through those resistance areas on the futures?