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Cattle Today
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6.29 Markets
Cattle
- August LC: day 11 of a sell signal. Oct: day 11 of a sell signal. Aug feeders: day 3 of a sell signal.
- Cattle trends are negative, slightly oversold.
- Cash cattle S. Plains $138, NE/IA $144-146, and $234 dressed.
- Product is stalling.
- Pressure to $240-250 is the summer target on choice beef.
- The North premium to South trade is a positive.
- Boxed beef lower on Tuesday.
- Cutout has been contract seasonal this year.
- Cutout in a $20 range since February.
- Beef market typically has a narrow range from late summer into the end of the year.
- Choice cutout is $24 under yr ago.
- Feeder index higher, August Feeders $6-7 over the cash.
- Higher grains pressured cattle.
- Packer margins are $150/head.
- A cycle bull market begins in the 4th quarter (same)
- Feeder Cattle Index: 164.20 vs 163.09 prior.
- Slaughter 126,000, 126,000 wk ago, 121,000 prior.
- Boxed Beef: Choice 267.14, -1.54 Select 243.31, -1.93, Ch/Se spread 23.83 on 154 loads.
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Cattle News Headlines
Barchart
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Six Consecutive Red Days For Cattle
Brownfield
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Farmers Warned of Rolling Blackouts
Visit with your cattle rep for the latest on how to sell now.
AgWeb
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SCOTUS Refuses Beef Checkoff Hearing
News Center 1
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Beef Bills Advance In Senate Ag
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The Newly Updated Nexus Cattle Calculator is Live In the Apple App Store and Google Play!