Holding Big Gains... The severe winter weather of 2023 is at least partially responsible for kicking this market into another gear as cattle weights fall, sometimes sharply and performance in feedlots suffers. Those in this industry know a harsh January and February leads to winter weary cattle by March and that influence is unavoidable (The Beef)
NBW Market Commmentary
CME LIVESTOCK: Live Cattle: $163.025 (-0.325); Feeder Cattle: $186.15 (+2.225); Hogs: $86.425 (-0.10)
US Cattle Report by National Beef Wire
CME GRAINS: Corn: $6.7975 (-4.00); Soybeans: $15.38 (+2.75); Wheat: $7.6125 (+8.75); Cotton: $86.22 (+1.12)
National Corn Wire
STOCK UPDATE: Dow 30: 34,086.04 (+368.95); Nasdaq: 11,584.55 (+190.74); S&P 500: 4,076.60 (+58.83) (Stocks Settle Higher On Fed-Friendly U.S. Economic Reports)
Market Update
CORN MARKETS: The bulls really need to see the March contract clear $6.88 ¾ soon in order to keep control, otherwise we will go check support near $6.70 (Schwieterman)
NBW Market Commmentary
CATTLE MARKETS: Live cattle futures closed sharply higher on Monday, with April and beyond scoring new contract highs. April was up 2.55, settling just a dime off of session highs (Schwieterman)
US Cattle Report by National Beef Wire
CATTLE TRENDS (Short Term/Long Term): LIVE: Up/Up; FEEDERS: Up/Down
US Cattle Report by National Beef Wire
U.S. CATTLE REPORT: Weather market 2023; LC jump up $2,50; OKC West closed on Tue; Boxed beef flat on light movement; Joplin receipts under 3K again this week, steers called $6-10 higher; Cattle slaughter at 126K hd
US Cattle Report by National Beef Wire
SHORT-RANGE WEATHER: A glancing blow of arctic air mixed with a surge in moisture is setting the stage for an extensive and very dangerous ice event.
Weather
LIVESTOCK COMMENTS: The calf market has found firm footing as it heads towards the end of January. The market is expected to continue firming moving through February and into March
NBW Market Commmentary
CATTLE TRADE: Prices on a live basis primarily ranged from $138 to $141 while dressed prices were mainly $224 to $226. A year ago, prices were $119.71 live and $190.56 dressed (Griffith)
NBW Market Commmentary
STOCK UPDATE (BIGGEST MOVERS): Booking Holdings (+22.36); L3Harris (+14.05); American Express (+15.07); Mercadolibre (+10.07); Mongodb (+8.04)
Market Update
Rep. Adam Schiff announced Thursday he will run for Democratic Sen. Dianne Feinstein’s seat, pending her retirement, joining what is expected to be a crowded field of Democratic candidates competing in the primary race in 2024 (Forbes)
Market Update
The world spent $1.1 trillion transitioning to clean power in 2022, same as amount spent producing oil and gas (BN Commodities)
NBW Market Commmentary
QuickTake: China produces more than 100 billion pounds of 10 different foods: Corn, Rice, Vegetables, Wheat, Sugarcane, Potatoes, Cucumbers, Tomatoes, Watermelons & Sweet Potatoes
Quick Takes
DROUGHT MONITOR: Approximately 46% of the cattle inventory is within an area experiencing drought (VIEW REPORT)
Weather
WEATHER CHANNEL: High temperatures will be dropping 20-30 degrees below average for many this weekend and into next week as frigid, arctic air pushes southward behind a cold front. Some moderate to heavy snow is also expected, especially across portions of the Rockies and Interior West (NWS)
Weather