New highs for cattle again. June 2, 2023
A rock star gain of 7.22 was shown this week for August live cattle futures. August feeders picked up 7.97. Heavy rains directly over the key feedlot area in Texas, on top of two prior good rain weeks, pushed cash cattle prices from North to South to record prices. New contract highs were noted on both ends on Friday.
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Post Archives
Allendale Insider
Allendale Insider
On The Go
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Soybeans and wheat see pressure this week. Corn holds.
September 22, 2023
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Cattle on Feed confirms a return to lower placements. Q2 supplies will be tight.
September 22, 2023
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Pork questions remaining procurement. Cattle hit by weights, beef and the stock market.
September 21, 2023
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Grains show export sales disappointment.
September 21, 2023
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Hogs surpass last week’s high.
September 20, 2023
On The Go
September 22, 2023
September 22, 2023
September 21, 2023
September 21, 2023
September 20, 2023
Market Movers
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December found light support at 474 yesterday/last night, chart open to 467 ¾, rains added again.
September 22, 2023
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Rains dramatically reduced in the 6 – 10 day forecast, exports may be expected disappointing.
September 21, 2023
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Rains in the 10-day outlook may slow harvest and offer mild support, exports are needed.
September 20, 2023
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Harvest at 9%, analysts expected 10%, the forecast may slow harvest days 1 – 5
September 19, 2023
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Funds were aggressive sellers of 41K, now short 135K or 42% of record, solid harvest forecast.
September 18, 2023
Market Movers
September 22, 2023
September 21, 2023
September 20, 2023
September 19, 2023
September 18, 2023
Snapshots
Snapshots