Demand concerns, both US beef seasonally and from recession talk, remain. May 31, 2022

In a clearly one-sided trade, live cattle futures confidently pushed to new lows for this general downtrend. Traders are preparing for the lower seasonal US demand period ahead after June. Feeders, with lower corn, managed moderate losses. Beef procurement last week was positive but the general trend is down.

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Post Archives

Allendale Insider

Market Movers: USDA Report Day
September 12, 2023

USDA Report Day
June 10, 2022

May WASDE Report Breakdown
May 12, 2022

Estimates for May WASDE Report
May 6, 2022

Cattle on Feed and Cold Storage Estimates
April 18, 2022

On The Go

Soybeans and wheat see pressure this week. Corn holds.
September 22, 2023

Cattle on Feed confirms a return to lower placements. Q2 supplies will be tight.
September 22, 2023

Pork questions remaining procurement. Cattle hit by weights, beef and the stock market.
September 21, 2023

Grains show export sales disappointment.
September 21, 2023

Hogs surpass last week’s high.
September 20, 2023

Market Movers

Funds sellers of 10K, 45% of record, still building a short position, weather maps show light rain.
September 25, 2023

December found light support at 474 yesterday/last night, chart open to 467 ¾, rains added again.
September 22, 2023

Rains dramatically reduced in the 6 – 10 day forecast, exports may be expected disappointing.
September 21, 2023

Rains in the 10-day outlook may slow harvest and offer mild support, exports are needed.
September 20, 2023

Harvest at 9%, analysts expected 10%, the forecast may slow harvest days 1 – 5
September 19, 2023

Snapshots

Trader Insights

Estimates for Upcoming Small Grains Summary and Grain Stocks Reports
September 25, 2023

Allendale, Inc. Releases Quarterly Hogs and Pigs Report Estimates
September 25, 2023

Estimates for Upcoming WASDE Report September 2023
September 6, 2023

USDA Report Day
August 11, 2023

Estimates for Upcoming WASDE Report
August 7, 2023

Morning Wake up Calls

Wake Up Call
June 5, 2022

Grain Prices Near Contract Highs After Strong Export Sales
February 1, 2021

Will Big Overnight Sales Continue?
January 29, 2021

Large 2021 Crop Estimates Pressure Grain Prices
January 25, 2021

Demand in Focus this Morning
January 22, 2021

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