Cattle Today

08.07 Markets

Cattle

October LC day 1 of a sell signal. December LC day 1 of a sell signal. September FC: day 6 of a buy signal.
Trends are negative in live cattle, positive feeder cattle.
Profit taking pressed cattle lower despite higher cash. One day blip?
Selling pressure pushed futures low enough to trigger stops, resulting in contracts pancaking lower.
Tracking US stock markets lower, as investors digested the latest round of corporate earnings and looked for signs of progress toward a peace deal between the US and Iran.
"So goes the stock market, so goes the confidence in people paying for high-priced meat," said Don Roose, president of US Commodities. "People are starting to grow concerned about consumer demand for beef longer term, especially now with the economy being a little shaky."
The trade knows that the supply is, for the most part, staying the same. So the focus is going to be on demand
Boxed beef mixed. Feeder index higher.
Live deals across cattle country were at mostly $235 to $236, that’s $3 to $5 higher, dressed business in the North has been at $370, that’s $3 higher
In SD, feeder steers weighing more than 900 pounds were unevenly steady. There were only a handful of heifers sold, and no trend was available. Medium and Large 1 feeder steers 907 pounds brought $327.75 and feeder steers 989 pounds brought $315. Medium and Large 1 feeder heifers 820 pounds brought $327.
Kansas City Fed: Food-at-home inflation has ticked up in 2026, driven partly by higher beef prices. Beef prices have increased as U.S. consumption of beef has outpaced domestic supply. Despite favorable market signals, supply constraints may keep beef prices elevated for some time. Growing uncertainty in the conditions for raising cattle have prevented ranchers from meaningfully expanding herds to increase domestic supply. Continued uncertainty may stall herd rebuilding, further constraining the beef supply and driving up prices.
Feeder Cattle Index: $352.93 vs $348.65 prior.
Slaughter: 107,000, 102,000 wk ago, 116,000 yr ago.
Boxed Beef: Choice $363.86, -4.11, Select $349.78, 1.72, Ch/Se spread $14.08, Loads 118.

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