Brett Crotts
Schwieterman: Another day of new all-time highs for beef cutouts
Live cattle futures settled modestly lower on Thursday, with light selling ahead of this afternoon’s on feed report.
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Schwieterman: Beef see record highs again, cattle futures lower
Live cattle futures closed significantly lower on Wednesday, with deferred contracts posting new low closes.
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Schwieterman: Feeder cattle see limited losses as corn improves
Feeder cattle futures closed moderately lower on Monday, which was somewhat impressive considering the sharply higher close in the corn futures.
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Schwieterman: Cattle futures mixed as traders see drop in corn
Live cattle futures closed narrowly mixed on Friday but off 1.42 in the June contract for the week. Cash trade for the week was also off a good $2-$3 dollars in most regions.
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Schwieterman: New crop contracts determined by weather, planting
Traders are waiting for this morning’s report numbers, which definitely have the potential to move the market in either direction.
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Schwieterman: Record beef prices put a floor under cash prices
Feeder cattle futures closed sharply lower on Wednesday, with triple digit losses in the front two trading months.
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Schwieterman: Weak dollar supports commodities this morning
Live cattle futures closed moderately lower on Tuesday, triggering some early cash trade in the south a good $2-$3 below week ago levels.
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Schwieterman: Cattle futures lower, corn values lower
Feeder cattle futures closed modestly lower on Monday in spite of sharply lower corn values.
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Schwieterman: Live cattle futures end week with a selloff
Live cattle futures imploded on Friday, closing below the 40 day moving average in most all of the contracts. The end of the week selloff came in the face of sharply higher cutout values for the week and better cash trade in all regions.
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Schwieterman: Cattle futures post solid gains, corn market strong
Feeder cattle futures posted solid gains on Thursday in spite of strength in the corn market. Buying has continued in overnight feeder trade, with the lead May contract back testing the highs for the week.
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Schwieterman: Packers motivated by record high beef prices
Live cattle futures recovered most of Tuesday’s losses to close moderately higher on Wednesday. Support from new record high choice beef prices prompted packers to pay fully steady money in the south at midweek, with feedlots willing to accept due to their strong basis advantage.
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- New school lunch beef recipes win approval from kids, foodservice
- Drier weather to give big boost to U.S. corn plantings
- Prices for corn and soybeans, five years from now
- Agriculture is expected to remain strong in the coming decade
- What sick day? Farmers take just three a year
- Senate Agriculture Committee completes Farm Bill markup
