Kevin Coburn’s Post

The cattle markets have wasted zero time starting the new trading month with volatility in both directions. The AgMarket.Net® Cattle Report is here: https://hubs.li/Q02-fXHK0

Midweek cattle trade saw higher numbers, leaving many wondering about the surge in the market. On this week’s Cattle Call, Brad Kooima of Kooima Kooima Varilek dives into the factors behind the rise, including the boxed beef trade and last week’s lack of deferred cattle purchases that helped set a positive tone. Strong charts and fund buying have also contributed to the market’s momentum, and Kooima breaks down the macro charts that illustrate these trends, offering insights into what's driving this week’s stronger trade.

The cattle market has been holding steady this week, with rains across the Plains sparking optimism for improved pasture conditions. On this week's *Cattle Call*, Brad Kooima with KKV Trading highlights several factors at play:  - **Boxed Beef Trends**: There has been a higher grind in boxed beef, signaling demand strength in the beef sector, which could help support prices.   - **Feeder Cattle Charts**: Chart trends for feeder cattle show potential resilience, but movement remains cautious as traders await further signals.   - **Cattle Movement**: Speed of cattle movement through the market is an essential factor, with steady supplies helping stabilize the market.  The key question remains whether the market can build on recent momentum, as traders look to balance supply factors with improving pasture conditions and broader market dynamics.

Futures Market Analysis: Meats in a Nutshell (2/2) Overall Summary: Each of these futures markets shows distinct patterns. Lean Hogs leads with a strong bullish trend, while Feeder Cattle shows steady upward movement and resilience, and Live Cattle appears the weakest, with a bearish undertone. Given current market sentiment, Lean Hogs has the highest potential for gains in the short term, followed by Feeder Cattle. Live Cattle may lag but could stabilize if demand factors improve. Over the next quarter, expect Lean Hogs and Feeder Cattle to potentially reach new highs, while Live Cattle might enter a consolidation phase. (Image Source)---->(https://lnkd.in/d4n_gRa8)

Weekly Market Wrap-Up: Boxed Beef Prices Propel Cattle Futures Higher This week, soaring boxed beef prices ahead of Memorial Day demand pushed cattle futures triple digits higher. ⠀ #CattleMarket #Agribusiness #MarketTrends #BoxedBeef

The movement in the stock market has undoubtedly influenced the cattle market, adding some volatility. There is potential for the cash cattle market to firm up, especially if demand remains steady or improves. On this week's Cattle Call, Brad Kooima with Kooima Kooima Varilek looks at the roller coaster ride of this week's trade. The question of whether shortened processing capacity in the East will pull more cattle from Iowa and Nebraska is a valid one. If Eastern plants reduce operations, we could see more demand shift to the Midwest, potentially increasing cattle movement from states like Iowa and Nebraska to meet that need. This could support cash prices in those regions as processors look to maintain supply chains.

As cattle numbers continue to tighten pushing prices to record levels, there is more than enough conversation about when producers will respond and begin building herds again. If this were a “typical” cattle cycle, the elements – ample forage and soaring (record-high) cattle prices - for expansion are in place. Drought forced significant liquidation of herds and took the industry to the lowest U.S. cattle herd numbers in 70 years.

📊Weekly cattle & sheep market wrap - 11 April 2024 This week's view of cattle and sheep markets, bringing together the latest market insight and data. Read the article here: https://lnkd.in/e2rCpmpK

Understanding Cattle Trading: Monthly Trends & Insights Discover how monthly trends influence cattle trading, revealing key insights behind price variations and seasonal shifts. We explore why January discounts hit cattle feeders hard, considering factors like weather risks and trading strategies. Join us for valuable expertise in the cattle market! #CattleTrading #MarketTrends #CommodityInsights #TradingStrategies #BeefIndustry #AgricultureEconomics #SeasonalTrading #CattleMarket #PriceVariations #WeatherImpact

This file contains the monthly total number of cattle and calves on feed, placements, marketings, and other disappearances; by class and feedlot capacity for selected states; number of feedlots and fed cattle marketings by size groups for selected states. Data is organized by state and by U.S.