February live cattle posted their eighth weekly loss in the past eleven weeks, the largest correction in prices since 2020. In an unusual twist, bearish specs have been covering their short positions.
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by Todd Hultman , DTN Lead Analyst
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by Todd Hultman , DTN Lead Analyst
At the end of Black Friday's short post-holiday session, February live cattle was marked down 13% from a September high, an unexpected discount on a day known for bargain sales.
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by Todd Hultman , DTN Lead Analyst
February live cattle prices showed better support in the week ending Nov. 17, but it's fair to say traders were nervous heading into Friday's On-Feed report.
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by Todd Hultman , DTN Lead Analyst
February live cattle prices fell over $10 in the week ending Nov. 10, and cash prices were also lower, but not as much. Demand concerns, plus a shakedown of bullish spec positions, are the mostly likely culprits.
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by Elaine Shein , DTN/Progressive Farmer Associate Content Manager
In the November WASDE report released Thursday morning, beef production forecasts were increased significantly for 2024, but several other contributing factors led to a bearish market freefall in the cattle complex, according to DTN analysts.
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by Todd Hultman , DTN Lead Analyst
February live cattle prices remain limited by October's bearish on-feed report as the U.S. dollar turns south, prompted by a pause from the Fed.
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by Todd Hultman , DTN Lead Analyst
USDA's bearish on-feed report spooked bullish specs in the cattle market, but fundamentally, the market looks as bullish as ever.
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by Elaine Shein , DTN/Progressive Farmer Associate Content Manager
The bearish surprise from last week's USDA Cattle on Feed report hit cattle prices hard to begin this week. While there will continue to be uncertainty and volatility, analysts still see fundamentally the cattle market being in a bullish situation.
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by Chris Clayton , DTN Ag Policy Editor
USDA extended the deadline for the Milk Loss Program to Oct. 30. The program pays for milk dumped due to certain disasters in 2020, 2021 and 2022.
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by ShayLe Stewart , DTN Livestock Analyst
The fundamental stronghold that the market has possessed through 2023 hasn't changed, but it seems like the closer we get to 2024, the more external pressures continue to build. The attack on Israel by Hamas on Oct. 7 just increased the pressure.
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by ShayLe Stewart , DTN Livestock Analyst
Supplies of market-ready cattle are supposed to grow increasingly thin in the fourth quarter of 2023, which could ignite another rally in the cash cattle market, but managing supplies isn't only done from a headcount perspective. One must consider what these cattle are weighing...
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by ShayLe Stewart , DTN Livestock Analyst
Just like we sometimes want to remind traders, it's not always about here and now. There's always a long-term game in the market being played, too.
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by ShayLe Stewart , DTN Livestock Analyst
Tight fed cattle supplies continue to support the cash cattle market and send prices higher as packers scramble to find enough cattle.
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by ShayLe Stewart , DTN Livestock Analyst
There are a lot of moving pieces affecting the cattle complex, and it seems like the market may be coming alive again.
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by Chris Clayton , DTN Ag Policy Editor
USDA's latest projection for net farm income shows farmers nationally will see lower income projections for the first time in five years. Net farm income in 2023 is projected to be 22.8% lower than in 2022, which was a record year. Livestock cash receipts are forecast to fall...
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by ShayLe Stewart , DTN Livestock Analyst
The rally in 2014-15 lasted a year and a half, but this rally, the one we are currently witnessing, doesn't mirror the last. We have greater challenges ahead with higher interest rates, a compromised economy and an election year looming.
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by Chris Clayton , DTN Ag Policy Editor
The province of Saskatchewan announced $70 million in aid for livestock producers facing drought conditions. Alberta's minister of Agriculture also posted a letter to producers that the province is still working to iron out details for similar aid there.
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by Cliff Jamieson , Canadian Grains Analyst
As of July 1, Statistics Canada has estimated lower numbers for cattle, hogs and sheep.
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by ShayLe Stewart , DTN Livestock Analyst
Market fundamentals can't come to fruition if the cattle complex is only near-sighted. An upcoming video auction may help indicate the longer-term outlook.
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by ShayLe Stewart , DTN Livestock Analyst
As packers reduce processing speeds, feedlots immediately begin to wonder how beef demand will be affected and if showlists will lose their current status?
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Markets
- Market Matters Blog by DTN Staff
- Technically Speaking by DTN Staff
- Sort & Cull by DTN Staff
- Fundamentally Speaking by Joel Karlin
- Canada Markets by Cliff Jamieson
News
- Production Blog by Pam Smith
- Ethanol Blog by DTN Staff
- Ag Policy Blog by Chris Clayton
- South America Calling by DTN Staff
- An Urban's Rural View by Urban Lehner
- MachineryLink by Dan Miller
- Editors' Notebook by Greg D.Horstmeier