|
|
Cattle Today
|
|
1.21 Markets
Cattle
- April: day 5 of a buy signal. Jun: day 5 of a buy signal. Mar feeders: day 13 of a sell signal.
- Cattle trends are mixed.
- Asking prices $138/cwt live in the south, $220/cwt dressed in the north.
- Cash trade this week $218 in the north, steady, live trade in the south $137/cwt, up $1-1.50/cwt vs wk ago.
- The Fed Cattle Exchange offered 3,398 head, 681 sold at $137/cwt.
- Boxed beef higher on good demand.
- Cutout highest since October.
- Higher beef prices helping support cash.
- Beef production normally increased from the 1st to the 2nd quarter of the year, but this year is estimated to be an inverse, the 2nd time to happen since 1987.
- Seasonal support for April and June due to the beef production decline.
- The USDA says December 2021 red meat production was down modestly from December 2020. The total of 4.783 billion pounds was down 1% on the year.
- Beef production was record large for the month at 2.362 billion pounds, up 1% from the previous year at 2.824 million head, with a 1% rise in the slaughter and 3-pound gain for the average live weight to 1,392 pounds.
- December’s dairy cow slaughter was 267,800 head, 22,500 more than in November, but 5,700 less than December 2020. The preliminary total for the 2021 dairy cow slaughter was 3.106 million head, 429,000 above the 2020 total.
- Margin $475/head.
- Today is the COF report, after close.
- Beef net sales 21,800 mts, Exports 14,210 mts.
- Slaughter 116,000, 114,000 wk ago, 122,000 yr ago.
- Feeder Cattle Index: 161.20 vs 161.24 prior.
- Boxed Beef: Choice 292.98 +1.38 Select 282.18 +1.75 Ch/Se spread 10.80 on 129 loads
|
|
Cattle News Headlines
Barchart
|
|
Cattle Futures Stable, Cash Steady at $137
Beef Magazine
|
|
Tomorrows Beef Consumer Evolving
Visit with your cattle rep for the latest on how to sell now.
Tri-State Livestock
|
|
R-CALF Asks For Stopgap For Industry
Wired
|
|
Is There Low-Carbon Beef?
|
|
The Newly Updated Nexus Cattle Calculator is Live In the Apple App Store and Google Play!