Weekly Cattle Market Sentiment: Increasing Bullishness
Bullish/Bearish Consensus
Weekly Cattle Market Sentiment: Increasing Bullishness

The theory behind the "Bullish/Bearish Consensus" indicator is when the public reaches a consensus, they are usually wrong:

Fri December 30 2022

Major Fast Food Restaurant Chains Accuse Packers of Price Fixing
Beef Processing
Major Fast Food Restaurant Chains Accuse Packers of Price Fixing

The lawsuits claim the companies’ practices created surpluses in the cattle market and shortages in the wholesale beef market.

Thu December 29 2022

The Beef:  Waiting for Fed Cattle Trade
The Beef
The Beef:  Waiting for Fed Cattle Trade

The supply contraction in the second half of 2023 is expected to be fourth biggest drop in beef production since 1979.

Thu December 29 2022

Current National Drought Conditions for Week Ending 12/27/22
DROUGHT
Current National Drought Conditions for Week Ending 12/27/22

As of December 27, 2022, 49.65% of the lower 48 states are in drought, down 13.7% from a month ago.

Thu December 29 2022

Cow Herd Liquidation: Larger share of Heifers are going into Feedlots
BEEF COWS
Cow Herd Liquidation: Larger share of Heifers are going into Feedlots

Heifer slaughter is the highest since 2014 and that year’s slaughter was skewed by the outbreak of BSE.

Thu December 29 2022

U.S. Jobless Claims Move Higher
Economy
U.S. Jobless Claims Move Higher

Continuing claims hit highest level since February

Thu December 29 2022

Beef Prices Spike Higher
Boxed Beef
Beef Prices Spike Higher

The rib primal value last night was $548/cwt, the highest for the year even as Christmas demand is well behind us.

Wed December 28 2022

‘Basis’ and what to do about it
Cattle Markets
‘Basis’ and what to do about it

Chris Swift, of Swift Trading Company, discusses the cattle markets, cattle futures, and the ‘Basis’

Wed December 28 2022

The Beef: Sharp Production Cuts Cause Wholesale Beef Prices to Surge
The Beef
The Beef: Sharp Production Cuts Cause Wholesale Beef Prices to Surge

With less production, packer margins have returned to black ink.

Tue December 27 2022

80 Head of Colorado Cattle Missing; $2,500 Reward Offered
Cattle Theft
80 Head of Colorado Cattle Missing; $2,500 Reward Offered

Approximately 80 head of bred cows are missing and are presumed stolen.

Tue December 27 2022

Different Feedlot Dynamics in 2023
Cattle on Feed
Different Feedlot Dynamics in 2023

The November 2022 feedlot inventory may be the peak for many months.  Time will tell.

Mon December 26 2022

Weekly Market Overview for Week Ending 12/23/22
Cattle/Beef Prices
Weekly Market Overview for Week Ending 12/23/22

For the week, slaughter cattle traded steady in the South and 1.00 higher in the North with feeder and stocker cattle lower.

Sat December 24 2022

Can Dogs catch a whiff of Bovine Respiratory Disease?
Animal Health
Can Dogs catch a whiff of Bovine Respiratory Disease?

Canines could potentially detect disease that is the greatest challenge to the cattle industry.

Sat December 24 2022

U.S. Cattle on Feed Down 3 Percent; Placements Down 2 Percent
Cattle on Feed
U.S. Cattle on Feed Down 3 Percent; Placements Down 2 Percent

Marketings were the highest for November since the series began in 1996.

Fri December 23 2022

U.S. Winter Storm Closes Meat Plants; Threatens Wheat & Cattle
Winter Storms
U.S. Winter Storm Closes Meat Plants; Threatens Wheat & Cattle

Tyson Foods Inc said it suspended and reduced operations at some U.S. meat facilities.

Fri December 23 2022

Weekly Cattle Market Sentiment: Definitely Bullish
Bullish/Bearish Consensus
Weekly Cattle Market Sentiment: Definitely Bullish

The theory behind the "Bullish/Bearish Consensus" indicator is when the public reaches a consensus, they are usually wrong:

Fri December 23 2022

U.S. Durable-Goods orders drop 2.1% in another Sign of Slowing Economy
Economy
U.S. Durable-Goods orders drop 2.1% in another Sign of Slowing Economy

Businesses are cutting back on investment.

Fri December 23 2022

PCE Index shows Annualized U.S. Inflation Rate falling to 5.5% in November
Inflation
PCE Index shows Annualized U.S. Inflation Rate falling to 5.5% in November

Rate of inflation slows again to 5.5% from 6.1%

Fri December 23 2022

November Red Meat Production Down Slightly; Beef Production Up 2 Percent
Livestock Slaughter
November Red Meat Production Down Slightly; Beef Production Up 2 Percent

Record High Beef Production in November

Thu December 22 2022

Red Meat Supplies in Cold Storage up 10 percent from last year
Cold Storage
Red Meat Supplies in Cold Storage up 10 percent from last year

Total pounds of beef in freezers up 6 percent from last year.

Thu December 22 2022

Cattle Empire
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