Archive for May 2024
Cattle Market Commentary 5/30
Cattle & Ranch Report May 30th, 2024 Live Cattle: Many are blaming yesterday’s selloff on the mid-session news drop that China detected traces of ractopamine in beef samples from JBS Greeley. Ractopamine is a banned substance in China, who announced overnight that they would become more lax with restrictions on beef imports from Australia. China…
Read MorePrevent Plant and Replant
One for the records book; we experienced a Tornado warning in SE North Dakota, Snowstorm in Western ND, Torrential rain in Central ND, and sunshine in other parts of ND! Like the old timers say wait an hour and the weather will change! Prevent Plant: We are fast approaching the final plant date for corn…
Read MoreCattle Market Commentary 5/22
Cattle & Ranch Report May 22, 2024 Live Cattle: No breaks this morning starting off for the cattle feeder. Futures traders continue make it tough on cattle feeders. The positive basis in fats, and negative in feeders, is backwards of what would be of benefit to the cattle feeder. Nonetheless, it is what we have…
Read MoreCattle Market Commentary 5/16
Cattle & Ranch Report May 16, 2024 Live Cattle: Further consolidation continues to keep prices of cattle within a narrow range. A break out to the upside would lead me to anticipate a test of the down trendline. If materializes, a move of June to $182.00 would be anticipated. A dollar or two lower in cash,…
Read MoreCattle Market Commentary
Cattle & Ranch Report May 8th, 2024 Live Cattle: Open interest plummeted on Tuesday’s mildly higher trade. With beef production having caught up with last year, and no indications of the packer offering to slaughter more to decrease beef prices, the rationing of beef continues and makes for less demand for cattle. Further…
Read MoreCattle Daily commentary
Cattle & Ranch Report Heritage insurance is proud to partner with Chris Swift of Swift Trading company and author of shootinthebull. This partnership will allow us to distribute his market commentary to our cattle and ranchers via text. Eash day we will send out a text of his for insight into the cattle trading.…
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