Scott Varilek with Kooima Kooima Varilek says the outside market news has been a factor in cattle but the main catalyst for the selling has been sharply lower cash trade which started breaking early in the week.
Joe Kooima of Kooima Kooima Varilek says the bounce in cattle isn’t unexpected as Friday’s selloff may have been overdone and with the financial markets seeing a recovery.
Scott Varilek with Kooima Kooima Varilek says the cattle futures rally out of the report was disappointing and did not last long indicating a possible exhaustion on the charts.
Selling calves straight off the cow leaves critical marketing decisions to chance. Here is how weighing at weaning and calculating value of gain can add hundreds of dollars per head.
Joe Kooima of Kooima Kooima Varilek says the reaction was a bit muted considering the placements were well below estimates. However, he says some of it was already priced in.
Scott Varilek with Kooima Kooima Varilek says the live cattle were overbought after rallying $21 off the lows.
Adding body condition can boost salvage value by hundreds of dollars per head, but feed costs, forage availability and market risk determine whether you pocket a profit or take a loss.
New aggregated report covering five states launches Oct. 26 to circumvent confidentiality filters, but analysts warn structural price-discovery challenges persist.
Brad Kooima with Kooima Kooima Varilek says the charts look positive but he thinks a healthy correction is in store. He’s also skeptical about USDA’s new cash report.
Former USDA Chief Economist Joe Glauber argues the administration’s new LRP-BRAND endorsement will drive beef prices higher, invite subsidy harvesting and stretch crop insurance beyond its core purpose.
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.