Livestock markets end the year with solid gains December 31, 2021
Live cattle futures ended 2020 at prices 21% over the end of 2021. This metric uses the February LC '22 close of today vs. the February LC '21 close at the end of 2020. US beef production rose 3% this year. With good export interest the US consumer only saw a 1% increase in offered beef supply. We expect further gains for 2022 as cow/calf sector wraps up 2021 with a third year of liquidation. Increases in packer capacity in the three years ahead is a secondary positive factor.
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Possible light fund short covering yesterday
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Funds sellers of 21K, slightly higher support due to exports
December 4, 2023
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SA maps still look solid for rains in the 10 day
December 1, 2023
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Trade expects strong exports and more 8 AM announcements
November 30, 2023
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Open interest continues to fall drastically
November 29, 2023
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