Monthly Archives: January 2024

Date: January 31, 2024 Livestock futures on Tuesday all finished higher yet somewhat cautiously. Beef prices fell off and the recent weakness could keep packers from paying higher money this week. Cash trade has yet to develop. The biggest news of the week will the Biannual Cattle Inventory from USDA after the close today. It is anticipated to show total inventory still below a year ago, primarily fewer beef cows, and the continuation of liquidation. This will be supportive to the cattle market but may not rocket futures higher as both fats and feeders have already gained back 50% from the steep losses this past fall. Joplin Regional Stockyards Feeder Cattle - Carthage, MO Livestock Weighted Average Report for 1/29/2024 - Final This Week: 11,315…

Date: January 8, 2024 Livestock futures mixed to finish out the week but early week strong gains in cattle futures helped to push both fats and feeders higher week over week. Negotiated cash fed cattle trade as of mid-afternoon Friday was very light in TX and KS and $172 live, steady to $1 lower than the week previous. Northern trade was reported throughout the week at better volume from $173 to $175 live and $274 to $278 dressed, all steady to $2 higher than the week previous. Weekly closes for livestock futures and meats…February Live Cattle +$2.07, April +$1.15, January Feeder Cattle +$.82, March +$1.05, February Lean Hogs +$2.02, April +$1.52. Choice Boxed Beef -$12.55 at $277.16 and Pork Carcass Cutout -$.56 at $84.20. No…