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Cattle Today
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12.7 Markets
Cattle
- February LC: day 8 of a sell signal. April LC day 1 of a sell signal. January FC: day 5 of a buy signal.
- Cattle trends are mixed.
- Cash cattle asking prices $157 in the south, north quiet.
- Boxed beef lower.
- Pressure stemming from boxed beef weakness
- Choice beef lowest level this year
- Profit taking in feeders despite lower corn
- Packers expected to slow chain speed to protect margins
- Demand concerns remain
- Supply projected to tighten in 2023
- Beef productions last week 553.7 mln lbs, down 3.2% vs yr ago
- Managed money fund traders neg long 60,000 contracts (inviting selling?)
- Feeder Cattle Index: 178.53 vs 178.14 prior.
- Slaughter 128,000, 128,000 wk ago, 124,000 prior.
- Boxed Beef: Choice 242.65, -0.66, Select 219.14, -1.97, Ch/Se spread 23.51 on 147 loads.
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Cattle News Headlines
Progressive Farmer
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Cattle Ops Seeing Stronger Net Cash
Brownfield
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USDA Final Rule Cattle Contract Library
Visit with your cattle rep for the latest on how to sell now.
The Cattle Site
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Pasture-Weaned Calves Put Weight On Easier
Forbes
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Why Biotech Meat Can't Compete At Retail
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The Newly Updated Nexus Cattle Calculator is Live In the Apple App Store and Google Play!