Live and feeder cattle futures opened lower on Friday but quickly turned higher with strong cash news according to Scott Varilek, Kooima Kooima Varilek. Grains see pressure from weather and the risk off outside market influences tied to the proposed tariff increases on Canada to 35% by Aug. 1
Extension livestock economist James Mitchell summarizes the sharp increases in beef prices the first half of 2025.
Brad Kooima, Kooima Kooima Varilek, says cattle futuresare showing resilience early Monday due to better than expected cash trade. However, grains are seeing heavy selling pressure.
Chris Swift says the beef industry is in a tiger trap it can’t get out of with a wide basis spread — the cash market is trading considerably higher than the futures.
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.
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.
University of Kentucky livestock specialist says cow herd expansion is not the only way to capitalize on a strong calf market.
Today’s market creates both the opportunity and the incentive is to pay down debt, and create a solid financial statement as opposed to herd building.
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.
Check out the Sterling Marketing Profit Tracker for the week of June 21.
Are you measuring the impact of your current calf management decisions? And assessing the potential added value of implementing management practices that you currently don’t employ?
Arkansas extension livestock economist James Mitchell explains the role of the cattle cycle, the changing relationship between calf and feeder cattle prices, and the implications for basis.
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.
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.
Brad Kooima of Kooima Kooima Varilek says cattle futures started the day higher in recovery mode after a poor technical close on Friday and a bearish reversal lower for the week. Soybeans continue to rally on the heels of the surge in bean oil on EPA’s surprise biofuels news.
Scott Varilek, Kooima Kooima Varilek, says cattle are seeing risk off selling tied to the news overnight of escalating war between Iran and Israel which has the financial markets sharply lower. Bean oil is limit up on news of higher blending levels for biomass based diesel.
Check out the latest Sterling Marketing Profit Tracker for week of June 7.
Brad Kooima with Kooima Kooima Varilek says cash cattle trade shattered previous records last week and the futures are continuing to make new all-time highs on Monday in both live and feeder cattle futures.
Scott Varilek, Kooima Kooima Varilek, says cattle futures gapped higher on the opening Friday and made all-time highs once again. Futures are still chasing record cash.
CattleFax recently shared the results of its 2024 cow-calf survey representing more than 350,000 cows.
Check out Sterling Marketing’s Profit Tracker from week of May 31.
Lee Schulz and Chip Flory discuss current supply and demand in the beef and pork industries and what’s ahead.
Brad Kooima, Kooima Kooima Varilek, says cattle rally chasing record cash with the basis historically wide.
Herd building, whether through heifer retention or buying bred heifers, is a financial decision on the part of the cattleman and timing is part of that decision.
Scott Varilek, Kooima Kooima Varilek, says cattle futures are chasing exploding cash early Friday, with more record high prices paid in all areas. Corn and soybeans continue to be weak with mostly favorable weather.
Check out Sterling Marketing’s Profit Tracker for the week of May 24.
Brad Kooima of Kooima Kooima Varilek says cattle futures are seeing some early weakness despite last week’s record cash and neutral USDA Cattle on Feed Report compared to expectations. Corn is down with wheat and mostly favorable weather.
Dr. Derrell Peel, Extension livestock marketing specialist with Oklahoma State University, says the on feed number has been below year ago levels the last four months.
Scott Varilek, Kooima Kooima Varilek, says ag markets are seeing red with the threat of 50% tariffs on all EU imports.