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California's Good-Bad Water Supply and New Dairy Cattle Testing Rules
The Agribusiness Update
Heavy rainstorms this spring have boosted California’s water supply for farming but have dampened farmers market attendance and crop selection, and the USDA has mandated testing for H5N1 of dairy cattle that cross state lines in a move to protect the livestock industry.
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Weekly Beef Exports Up 15%
This weeks Beef Exports were 15 % higher than the previous week and 4% higher over the month.
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Beef Futures Steady
Cattle Futures steady following Tuesday’s selloff, as Cash cattle remain resilient.
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Sell Off Continues In Beef Markets
The selloff continues in the Beef Market, as prices hit 60 day lows.
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Beef Market Correction
Traders see a bit of a of correction in the Beef Market following the Cattle On Feed Report last.
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Cattle Market Consilidates
Feeder Cattle fell sharply lower last week, as cash cattle prices remain red hot.
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Corn Climbs Higher
The Corn Market picked up some momentum yesterday with export expectations in line with USDA estimates.
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More Sideways Trading
Both the Beef and Grain Market fell into the red yesterday as outside markets continue to play a role in commodities.
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Outside Markets Weigh In On Beef Market
Finally the Beef Market cools off as Live and Feeders found resistance in front running contracts.
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Weekly Cattle Update
Feeders and Live Cattle hit a bit of a lull last Thursday but finished the week on in the Green.
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Highs Turn To Lows
Cash Cattle continue to trend higher, however Live and Feeder Cattle hit a wall as prices fell yesterday.
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Strength Continues In Beef Market
The strength continues in the Beef market in all sectors as prices are up over 30% from the past 12 Months.
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Cash Cattle Rally Again
The Beef Market continues to find momentum as Cash Cattle trend higher.
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Boxed Beef Firms Up
The Beef Market firms up but fails to break out following stronger Boxed Beef prices.
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Beef Market Cools Off
Live Cattle hit 6 Month High’s Friday, before cooling off to finish the week in the red.
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Cash Cattle On Fire
Cash Cattle bring the heat once again, as prices continue to run at all time highs.
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Boxed Beef Drives Beef Market
Boxed Beef prices directly reflecting on the Feeder Market as cattle demand slips.
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Hesitation Drives Beef Prices Lower
Hesitation from the packers drove Feeder Cattle prices lower yesterday.
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Bargain Wheat
The Wheat Market kicks the week off with a rally, after buyers take advantage of lower prices.
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Cattle Futures Bounce Back
Friendly fundamentals string together a nice rally for the Beef Market to finish the week. Let’s go to Virginia McGathey with the CME Group to hear more.