Marketings in September up 5.0 pct versus year ago, while the report called bullish for CME live cattle futures.
Commodity markets rarely give second chances but sometimes patience is rewarded. I believe that time is now.
The strong domestic demand and strong export volumes that were well-reported through last year appear to be continuing.
According to the Mesonet, the year so far through May 26 is the fourth wettest year on record in the state with the last thirty days the second wettest for the period.
Feeder cattle futures $20/cwt and $30/cwt since April 1. Do these rallies have legs or, in other words, are there underlying fundamentals that support these prices?
The impacts of the 2012 drought continue to play out in a beef industry discouraged by high feed prices and large cattle feeding losses.
USDA’s annual cattle inventory report confirmed what the industry had been suspecting for the past year — another year of contraction.
Cattle feeders are going to use more corn than previously expected according to USDA’s latest Cattle on Feed report.