Beef enters the final two months of the year in a strong position. Six of the eight arrows point higher, with just one down and one sideways. The lone down arrow, production indicators, should create some concern as feedyard placements are up substantially. Cattle marketings are also down, which suggests more beef to move in the coming months. Improving cattle prices keeps that arrow pointing up, and feedyard profitability reflects higher prices and low cost of gains. The packing and processing arrow points sideways because packer margins, while lower during October, remain relatively strong. Analysts expect stocker and feeder prices to remain strong through the fall and early winter, but fed cattle could come under pressure if production increases further or demand shows any weakness. Overall, beef’s outlook for the new year is bright.