Cattle
- February LC: day 4 of a buy signal. April LC day 4 of a buy signal. March FC: day 5 of a buy signal.
- Cattle trends positive live cattle, positive feeders.
- Cattle trends remain positive.
- Cash trade on Friday $156, up $1, dressed in the north $248, steady.
- January is seasonally a weak demand timeframe.
- Boxed beef lower on Friday.
- Boxed beef lowest since December 22.
- Average dressed cattle weights 829 lbs, 830 wk prior, 845 yr ago, average is 833.6 lbs.
- Production last week 545.2 mln lbs, 537 yr ago.
- Cattle inventory report tomorrow afternoon
- Estimates are expected for a positive inventory report suggesting new highs.
- The cow herd expected to be lower on the report.
- Expectation that the beef herd will be down 4.2%. If so, the beef herd on Jan. 1 would be down 1.265 million head from a year ago at 28.860 million head, which would be the lowest beef cow herd on record.
- The calf crop is expected to be down 2.8% or a decrease of one million head from a year ago.
- Feeder Cattle Index: 179.57 vs 178.80 prior.
- Slaughter 124,000, 123,000 wk ago, 118,000 prior.
- Boxed Beef: Choice 267.76, -0.99, Select 250.54, -0.94, Ch/Se spread 17.22 on 111 loads.
Carbon Credit Opportunities
Cash Cattle Steady to Weaker, Feeders Mixed
Visit with your cattle rep for the latest on how to sell now.
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