Yearly Archives: 2024

Date: February 14, 2024 Cattle futures pulled lower on Tuesday after hitting or near new recent highs again on Monday. Only very light volume cash fed cattle trade reported in the North at $180 live. Last week’s trading ranged from $180 to $182 live and $285 to $289 dressed. Beef prices were lower and corn steady to higher which led to the cautious trading for cattle futures. Joplin Regional Stockyards Feeder Cattle - Carthage, MO Livestock Weighted Average Report for 2/12/2024 - Final This Week: 13,125 Last Week: 15,578 Last Year: 9,452 Compared to last week feeder steers sold 4.00-9.00 higher. Feeder heifers sold 4.00-12.00 higher. Supply was heavy with very good demand. 7 weight index steers averaged $244 to $253 and 8 weights averaged…

Date: February 5, 2024 Livestock futures last Friday finished mixed on fairly quiet trading but week over week gains were locked in earlier from the friendly Cattle Inventory report. Live cattle and feeders continue to make new recent highs led by feeders as most contracts now eclipsing the 62% retracement levels from the sharp losses earlier this fall. Cash fed cattle trade last week was $2 to $3 higher than the week previous with trade in TX and KS done at $178 to $179 live and trade in the North from $176 to $179 live and $280 dressed. The CFTC Commitment of Traders report for the week ending January 30th showed funds buying 12,644 live cattle contracts and net long 30,016 contracts while buying 2,644…

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…