Market Analysis
Cattle markets have seen a nice run in November and December, but some analysts think it won’t continue.
It’s no secret there’s too much meat on the market. Cattle have bounced from the previous lows is because of a tight supply for the next 30 days.
Steve Kay, Cattle Buyer’'s Weekly, provides insight to the August Cattle on Feed Report.
Steve Kay, of Cattle Buyer’'s Weekly, says today’s reports can be regarded as slighly positive.
Exclusive commentary on the June 19 COF from Steve Kay of Cattle Buyers’ Weekly.
Listen to audio analysis from these experts about the Cattle on Feed report.
Here is your weekly grain and livestock market outlook and review for Nov. 25 from the economic experts at Doane Advisory Services.
While corn, soybeans and wheat have seen some slight rallies in the last few years, prices have stayed relatively low. Record- or near record-breaking crops year after year hasn’t been much help to the price picture.
Block Trades Come to Agriculture, Sparking Transparency Concern
There was some red during the trading day on Tuesday, but in general the cattle markets have remained strong since Oct. 23.
Cattle markets are continuing to stay interesting, and producers might have found some footing.
Wild weather in the Corn Belt in the beginning of the month flooded freshly planted fields and dumped inches of snow on Kansas wheat. Farmers were expecting to see a bump in prices, but failed to see any reaction in the markets.
Rain and cold temps are expected to keep many farmers out of the field this week.
Listen to closing market commentary from your editors.
Rich Nelson of Allendale says corn and soybeans showed resilience rallying into the close on strong demand. However, he thinks it may be exporters front loading their purchases. Cattle reverse in reaction to the McDonald’s E.coli story.
Brad Kooima, Kooima Kooima Varilek, says the cattle market has just felt better the last week with cash finally bottoming and futures posting a higher weekly close.