Market Analysis
Brad Kooima, Kooima Kooima Varilek, says grains lose early strength running into chart resistance. While cattle also started higher with the sharply higher cash trade Thursday but faded.
In times of chaos, it’s best to go back to the basics of basis and price. Effective risk management has little room for mistakes, but that doesn’t mean it has to be perfect.
Brad Kooima, Kooima Kooima Varilek, says cattle are seeing followthrough buying and strength Monday morning as the S&P 500 continues to stabilize and recover after the tariff delays.
Arlan Suderman, StoneX Chief Commodities Economist says the markets reacted positively to the 90-day delay on reciprocal tariffs for countries that reached out to negotiate with the U.S. and did not retaliate.
Brad Kooima of Kooima Kooima Varilek says live cattle see buying interest after strong cash late last week. Corn tries to hold gains with soybeans seeing South American harvest pressure and concern about China’s 10% tariffs on U.S. soybeans.
CattleFax released its annual price projections at CattleCon and expects cattle prices to stay strong for a while.
Live Cattle and Feeder Cattle futures prices have been forced higher as Live Cattle contracts had been lagging negotiated values until recent days.
Now in mid-January, the cattle markets are showing exceptional optimism. Packers were actively bidding to capture spot market needs.
Brad Kooima of Kooima Kooima Varilek says cattle futures recovered nicely from Friday’s selloff with some contracts making new highs for the move, pricing in record cash cattle trade. Grain markets are seeing fund buying with soybeans and meal leading on dry weather forecasts for Argentina.
Bryan Doherty, Total Farm Marketing, says corn ended lower on a combination of profit taking and farmer selling after running into chart resistance.
Calf and feeder cattle prices have been much more active in the past three weeks with two market-moving events, including precipitation in the central states and the temporary closure of the southern border due to screwworms.
Market update for week of Oct. 23 and a look at how carcass weigh and ribeye sizes correlates..
How Low Will Grain Prices Go?
A look beyond last week’s headline news surrounding the sell-off in both Live Cattle and Feeder Cattle futures.
Soybeans Make New Lows....Again and Pull down Corn and Wheat
Grains Trade Weather and China Economic News
Hogs Bounce Off Contract Lows
Has the rain in parts of the country encouraged producers to start rebuilding the cow herd? How are the markets being affected by both dry and wet conditions right now?
USDA is Discontinuing A Major Cattle Report, And it Could Now Spur More Volatility For Cattle Prices
USDA National Agricultural Statistics Service (NASS) announced it’s canceling the July Cattle Inventory Report. In the announcement, NASS blamed budget cuts from the most recent appropriations bills.
After two months of a waning outlook on the ag economy, economists views took a turn in the November Ag Economists’ Monthly Monitor, a survey of nearly 70 ag economists from across the country.
Prices were higher for all classes of cattle for the week ended Oct. 13, with cash fed cattle trading at $111 per cwt., $2 higher. Cattle sold on a dressed basis at $175 per cwt., $2 to $3 higher.
Following two days of falling cattle futures prices, Joe Vaclavik, president of Standard Grain, is calling the market moves a knee-jerk reaction to the latest Cattle on Feed report from the USDA.
Could dinner talk help bust through a NAFTA impasse?
The U.S. Meat Export Federation (USMEF) said Japan is continuing to buy U.S. beef. Exports to the island country continued to gain momentum in June, with volume up 7 percent and value up 13 percent compared to 2016.
Drought and dryness in the northern Plains hasn’t been enough to stop cattle growth, according to the mid-year cattle inventory numbers from the U.S. Department of Agriculture (USDA).
Cattle prices have continued to surprise the markets, but have prices seen their peak?
Last week, the cattle market saw some huge swings.
The cattle market has seen some strong rallies in the first few months of 2017.
Last week’s meeting between President Donald Trump and Chinese President Xi Jinping may have some benefits for American agriculture.
The cattle market has been pretty interesting as of late. Elaine Kub, author of “Mastering the Grain Markets” discusses the fundamentals behind the recent strengthening of the cattle market.