Markets
Check out the Sterling Marketing Profit Tracker for week of Feb. 28.
Brad Kooima of Kooima Kooima Varilek says the grain and cattle futures are reacting negatively to the uncertainty tied to the Iran conflict.
Beef has built a rapidly widening price gap over competing meats in the grocery store. This trend has become increasingly pronounced since the early 2000s, but as beef supplies have tightened over the past three years, the pace of the widening price disparity has accelerated.
Check out the Sterling Marketing Profit Tracker for week of Feb. 21.
Brad Kooima with Kooima Kooima Varilek says the USDA Cattle on Feed report was providing some support. The on feed number came in at 98% of a year ago, placements were at 95% which was below trade estimates and marketings were at 87%.
Scott Varilek with Kooima Kooima Varilek says the cattle market is also awaiting cash direction.
Brad Kooima of Kooima Kooima Varilek says cattle futures are getting overbought and ran into another layer of chart resistance Wednesday but higher cash could push the market to new highs.
Check out the Sterling Marketing Profit Tracker for week of Feb. 14.
Scott Varilek with Kooima Kooima Varilek says the cattle futures have been chopping back and forth this week and need to take out last week’s highs on the charts to break out and to new highs.
Check out the Sterling Marketing Profit Tracker for week of Feb. 7.
Live and feeder cattle futures were higher early Monday extending gains after Friday’s higher cash trade says Brad Kooima of Kooima Kooima Varilek.
He thinks cash could be higher again this week.
He thinks cash could be higher again this week.
Scott Varilek with Kooima Kooima Varilek says after crashing Thursday on fears of a beef plant strike, cattle are recovering on higher cash.
Randy Blach, CEO of CattleFax, says fed cattle cash prices may exceed last year’s but the average will be similar to 2025.
Check out the Sterling Marketing Profit Tracker for week of Jan. 31.
Tyler Schau of AgMarket says cattle futures make new highs for the move on higher cash and the report tailwind. Soybeans followed soybean oil which rallied as Treasury released 45Z guidance and that pulled up corn.
With the lack of rebuilding the strong cattle market could be extended another year.
Joe Kooima of Kooima Kooima Varilek says the cattle markets have gotten caught up in the outside market money flow but are also seeing some caution ahead of the USDA semi-annual cattle inventory report to be released Friday.
Beef Profit Tracker: Packer Margins Improve to -$191.89/head, Feeder Margins Improve to $295.48/head
Check out the Sterling Marketing Profit Tracker for week of Jan. 24.
Brad Kooima with Kooima Kooima Varilek says he was concerned the trade might view a slightly bearish Cattle on Feed report placement number as a reason to sell but the market was more focused on the higher cash trade Friday.
Live and feeder cattle futures were weaker to start Friday as the market was seeing some profit taking and caution ahead of the USDA Cattle on Feed Report according to Scott Varilek with Kooima Kooima Varilek.
Check out the Sterling Marketing Profit Tracker for week of Jan. 17
Brad Kooima of Kooima Kooima Varilek says with the confirmation of no cases of NWS in the U.S. the cattle market should rebound Tuesday. However, with outside markets seeing risk off selling that may temper some of the buying interest in cattle.
Joe Kooima with Kooima Kooima Varilek says cattle futures were down early on liquidation ahead of the three day weekend, lack of fed cash news and a rumor of NWS in the U.S.
Check out the Sterling Marketing Profit Tracker for week of Jan. 10.
Brad Kooima with Kooima Kooima Varilek says strong cash has been supportive of the cattle futures and he expects a higher week in the fed market again this week. Grains are still digesting USDA’s bearish reports.
October results are in and the data is positive for the U.S. red meat industry.
Live and feeder cattle futures were lower early Friday but Scott Varilek of Kooima Kooima Varilek says it didn’t take long for the markets to firm up supported by the cash market.