Scott Varilek of Kooima Kooima Varilek says cattle futures are trading higher building on Wednesday’s big reversal which was initially triggered by trade news but then better than expected cash trade added to the rally. Grains are also higher on hopes of an announced deal with China.

The passing of the early summer seasonal high in fed cattle values came two weeks earlier than last year but was aligned with that of 2023.

Joe Kooima of Kooima Kooima Varilek says live and feeder cattle futures had a gap lower opening this morning on news from USDA of a phased re-opening of the border to Mexican cattle starting July 7.

Scott Varilek, Kooima Kooima Varilek, says cattle futures are holding together despite lower cash trade, while grains are finally seeing a bounce in reaction to a China deal on rare earths.

Two studies illuminate food prices for the holiday barbecue season.

Check out the Sterling Marketing Profit Tracker for the week of June 21.

Cattle inventory was 1% below the same date a year ago and in line with pre-report expectations, while placements were friendly coming in below estimates.

The Nebraska and Iowa/Minnesota reporting regions continue to lead the way with a trading range from $239 to $244/cwt.

Scott Varilek with Kooima Kooima Varilek says cattle futures are trying to recover after tanking Tuesday due to geopolitical and war concerns and the lower day in the stock market.

Check out Sterling Marketing’s Profit Tracker for week of June 14.