Scott Varilek of Kooima Kooima Varilek says everybody’s looking for the bottom in the cattle market and wants to know if it is close.
Stabilizing feed costs won’t be enough to offset record feeder prices, threatening to erase 2025’s windfall profits by year-end.
Brad Kooima, Kooima Kooima Varilek, says the cattle charts look tough right now.
Oklahoma State University’s Derrell Peel says the cash market — not the jittery futures board — is telling the real story of a cattle industry still short on supply, even as Mexican border closures reshape long-term trade patterns.
Early Friday cattle utures tried to stage an early recovery but it was short lived as funds have been selling every rally. Scott Varilek with Kooima Kooima Varilek says his fear is the high is in the cattle market.
Live cattle futures were lower again on Wednesday and have spent several consecutive days under the 100-day moving average. Brad Kooima with Kooima Kooima Varilek says it is looking like more than a healthy correction.
Joe Kooima of Kooima Kooima Varilek says funds continue to pressure the cattle futures and he anticipates that will continue after last week’s lower weekly closes.
Scott Varilek with Kooima Kooima Varilek says cattle futures were struggling early Thursday with lower cash as the packers are trying to break the market with their own inventory.
The June Farm Journal Ag Economists’ Monthly Monitor reveals a majority of ag economists support reopening the Mexican border and rank weather and input costs as more immediate threats to the U.S. cattle herd.
Brad Kooima of Kooima Kooima Varilek says cattle futures are down with a risk off day in the ag markets. End of quarter profit taking and talk of a packer bailout is also weighing on futures.
Scott Varilek with Kooima Kooima Varilek says cattle futures were seeing some profit taking early Friday as they are overbought. However, futures haven’t stayed down long with the strength in the cash market.
Live and feeder cattle futures made new highs for the move early Monday but ended well off highs. So can the markets retest the highs?
Cattle futures were lower early Thursday seeing some profit taking after some technical chart breakouts this week, but also positioning ahead of the holiday.
Brad Kooima says cattle were catching some spillover selling from the news the Iran peace deal had been signed, the higher equity markets and lower crude oil futures.
Scott Varilek with Kooima Kooima Varilek says the cattle market saw some pre-weekend positioning and was also trading news that a JBS beef slaughter plant in Pennsylvania was closing.
New World screwworm was confirmed in the U.S., yet cattle futures rallied. An Ever.Ag analyst explains why uncertainty mattered more than the confirmation itself.
Scott Varilek with Kooima Kooima Varilek says cattle had a lower week last week on fund liquidation and headlines regarding new NWS cases. However, he’s not sure if the funds are done selling yet.
A case of New World Screwworm (NWS) only 52 miles from Texas was reported by USDA on Thursday making it the closest detection to the U.S. to date. Brad Kooima with Kooima Kooima Varilek says that is pressuring cattle futures.
Joe Kooima with Kooima Kooima Varilek says at least initially it looks like the cattle futures had already anticipated the negative report data with the sell off late last week.
Scott Varilek with Kooima Kooima Varilek says the pressure came from fund long liquidation and was continuing on Friday with significant chart damage done.
Grain and hog futures were sharply higher on Monday morning as the White House released details of the China trade framework on Sunday which includes $17 billion of ag purchases per year.
Scott Varilek with Kooima Kooima Varilek says cattle futures are back trading higher with their huge discount to the record cash trade. He says cash trade could get even crazier.
Cattle futures posted lower weekly closes and Brad Kooima with Kooima Kooima Varilek says the action was a red flag to him since it came after record fed cash trade.
Scott Varilek of Kooima Kooima Varilek says cash cattle trade hit record levels on Thursday and helped pull futures higher Friday. Grains are trying to recover from the big wash out with crude oil this week.
Despite daily volatility, cattle markets are still driven by strong demand and tight supplies. Rising fuel costs could pressure consumers, but slow herd expansion keeps the long-term outlook bullish through the decade.
Brad Kooima of Kooima Kooima Varilek says it is dangerous to try to pick a high in this cattle market but it fits the profile of a technical top.
Scott Varilek of Kooima Kooima Varilek says tight supplies and a record cash market have supported the move to new highs. How high can live and feeder cattle futures run?