Weekly Market Overview for Week Ending 6/24/22
Cattle/Beef Prices
Weekly Market Overview for Week Ending 6/24/22

For the week, slaughter cattle trade was mixed with feeder cattle and stocker calves higher. Live Cattle futures were lower with Feeder Cattle futures mixed.

Sat June 25 2022

Consumer Sentiment Hits New Record Low
Consumer Sentiment
Consumer Sentiment Hits New Record Low

The June figure is the lowest reading on record, going back to the late 1970s.

Fri June 24 2022

Cattle Bullish/Bearish Consensus for 6/24/22:  Bullishness Declines
Bullish/Bearish Consensus
Cattle Bullish/Bearish Consensus for 6/24/22: Bullishness Declines

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

Fri June 24 2022

United States Cattle on Feed Up 1 Percent
Cattle on Feed
United States Cattle on Feed Up 1 Percent

This is the highest June 1 inventory since the series began in 1996.

Thu June 23 2022

June Cold Storage Report shows Red Meat Supplies up 20%
Cold Storage
June Cold Storage Report shows Red Meat Supplies up 20%

Total pounds of beef in freezers were down 2 percent from the previous month but up 25 percent from last year.

Thu June 23 2022

Total Red Meat Production Up 4 Percent from Last May
Livestock Slaughter
Total Red Meat Production Up 4 Percent from Last May

Beef production, at 2.29 billion pounds, was 3 percent above the previous year.

Thu June 23 2022

Senate Ag Committee advances Cattle Market Reform Bills to the Full Senate
Legislative
Senate Ag Committee advances Cattle Market Reform Bills to the Full Senate

Bills have both supporters and critics within the industry.

Thu June 23 2022

Supreme Court strikes down New York State Gun-Control Provision
Gun Control
Supreme Court strikes down New York State Gun-Control Provision

The 6-3 decision was split along ideological lines.

Thu June 23 2022

Current National Drought Conditions for Week Ending 6/21/22
DROUGHT
Current National Drought Conditions for Week Ending 6/21/22

As of June 21, 2022, 39.84% of the U.S. and 45.38% of the lower 48 states are in drought.

Thu June 23 2022

North American Meat Institute against ‘Costly’ 2022 Beef & Cattle Bills
Legislative
North American Meat Institute against ‘Costly’ 2022 Beef & Cattle Bills

Proposed legislation will cost producers in the largest cattle producing regions millions of dollars.

Wed June 22 2022

Cattle on Feed Industry Pre-Report Estimates
Cattle on Feed
Cattle on Feed Industry Pre-Report Estimates

Cattle on Feed report pre-report analysis indicates the June 1 figure to be close to a record high for the month.

Wed June 22 2022

Growing Demand for Marbled, Grain-Fed U.S. Beef in ASEAN Region
Beef Exports
Growing Demand for Marbled, Grain-Fed U.S. Beef in ASEAN Region

Largest volume and value market for U.S. beef in the ASEAN offers strong export potential but the plant approval process remains a barrier.

Wed June 22 2022

Pasture & Range Conditions as of 6/19/22
Pasture & Range Conditions
Pasture & Range Conditions as of 6/19/22

69% of Pasture & Range Conditions rated Fair to Very Poor... Unchanged from last week

Tue June 21 2022

Corn Crop Condition as of 6/19/22
Corn Crop
Corn Crop Condition as of 6/19/22

72% of Corn Condition rated at Good to Excellent vs. 73% last week.

Tue June 21 2022

Weekly Feeder & Stocker Cattle Marketings for week ending 6/18/22
Feeder & Stocker Cattle Marketings
Weekly Feeder & Stocker Cattle Marketings for week ending 6/18/22

Last week's Weekly Feeder & Stocker Cattle Marketings were 9.9% below the 3 Year Average.

Tue June 21 2022

NCBA Disappointed in House Passage of Special Investigator Bill
Legislative
NCBA Disappointed in House Passage of Special Investigator Bill

Congress is wasting time with legislative proposals in search of a problem while ignoring real issues impacting cattle producers.

Tue June 21 2022

Beef Prices Supported by Other Proteins
Beef Prices
Beef Prices Supported by Other Proteins

Strong prices for broilers and pork mean that beef continues to be a relative value among proteins.

Mon June 20 2022

Weekly Market Overview for Week Ending 6/17/22
Cattle/Beef Prices
Weekly Market Overview for Week Ending 6/17/22

For the week, slaughter cattle traded 2.00 to 4.00 higher with feeder cattle and stocker calves 2.00 & 3.00 higher. Live Cattle futures were higher with Feeder Cattle futures mixed.

Sat June 18 2022

Kansas Offers Aid to Ranchers Losing Cattle to Extreme Heat
Fed Cattle
Kansas Offers Aid to Ranchers Losing Cattle to Extreme Heat

Kansas Governor Laura Kelly noted that there are federal resources available to provide financial relief.

Fri June 17 2022

Long Term Red Meat & Poultry Trends
Beef Prices
Long Term Red Meat & Poultry Trends

If beef production continues to decline in 2024 and 2025, higher prices may be needed to ration supply.

Fri June 17 2022

Cattle Empire
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Clifton Livestock Commission 1st Annual Front Pasture Replacement Sale (1)

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