Tag Archives: cattle

Lower grains in the trade.  Big trade factors today include the FEDS Statement, Brexit & China tariff deadline.  What will happen between now & Sunday with China & how will the markets
continue to watch.  Brazilian weather for the most part is pretty good.  Argentina has some heat, but showers are possible.  Livestock ASF, getting reports of an uptick in breakouts in China-not official but being talked about on the ground.

USMCA.  Higher grain numbers…did the Chinese numbers get faded out?  WASDE report.   Chinese production numbers corn & wheat were higher.  Final USDA Crop Progress report for 2019. Dollar traded lower.  Livestock…USDA cut in exports for beef & pork.  Chinese hog heard is starting to rebuild. Cattle markets & weights.

USMCA Chatter.  Spitting of weather across the Midwest.  Soybeans sharply higher-funds are short.  Trade deal talks of last week makes some worried that a deal with China might not be done.  Extended crop reports…crop report out tomorrow-can we expect any surprises?  Stats Canada Vomitoxin issues, test weight issues on corn.   South America weather.  Price action on the livestock shows we haven’t learned a lot on the trade issues.

Another solid week on the cash cattle.  Could there be a correction headed our way?  Any holiday pressure that might work into.  How are cattle weights.  Holcomb KS plant to start back up this week.  How do you think the market react?  Funds are long.  Some red flags popping up.  Hogs…way to cheap but China is playing a role in that.  10% of corn crop still in the field.  Basis in corn market.   China on again off again.  December 15th…will we see changes before then? Mixed grain markets.

Markets closed early on Friday for the Thanksgiving holiday.   This year’s crop outcome-what will be harvested is about there-this could move the markets higher as reality sets in that all the crop won’t be out before 2020.  How will this change the basis?  Cash will win in the end.  South American production-any issues heading into December.  December 15th deadline looming with China-will they just continue to buy what they need?  Corn exports saw some improvements this past week.   Getting a final spike trade in the dairy industry.  Still seeing some Chinese purchases for milk powder.  Weeks snowstorms and upcoming weekend weather be of concern to the feeder cattle market?

On Nov. 28, the European Parliament voted to approve a plan granting the United States a country-specific share of the European Union’s duty-free high-quality beef quota. The agreement, which was signed and announced in August, is detailed in this press release from the Office of the U.S. Trade Representative (USTR).

U.S. Meat Export Federation (USMEF) President and CEO Dan Halstrom issued the following statement:

Approval by the European Parliament keeps this agreement on track for implementation in early 2020, which is outstanding news for the U.S. beef industry and our customers in Europe. Lack of capacity in the duty-free quota has been a source of frustration on both sides of the Atlantic, and a U.S.-specific share of the quota will help ensure that U.S. beef can enter the European market 52 weeks per year, without delay or interruption.

The European Union is one of the highest value destinations in the world for U.S. beef, and consistent access will not only benefit U.S. producers and exporters, but also European importers and their clientele. USMEF thanks USTR and USDA for negotiating this agreement and securing its approval, which will bolster the U.S. industry’s efforts to expand the European customer base for U.S. beef.

Lower close headed into the holiday.  Winter weather slows harvest once again & what are the implications.  South American weather & crop update.  Driest soybean in the past 4 decades but the crops look great.  Trade talks, USMCA-8 days left on the schedule.  If there is a will there is a way.  China talks.  Strong cash basis for corn & beans-some post-harvest feels. 124 million bushels of corn in NE…a lot more left as you head north.    Exports tighten in Brazil.   USDA put out a notice for export sales reporting of livestock.  ASF.

Corn continues to see slop progress in harvest with over 3 billion bushels still out. Beans have been in a difficult spot, many still question the USDA reports. Hong Kong-is this causing a slow down in getting a trade agreement in place. South America supplies are running small. Cattle futures see a lower trade & ASF spread & the market effects.

Nice to have green on the screen even with bad trade news.  Weekly crop progress report. Kansas Wheat condition.    the corn market analysis going into next week & beyond. Lower U.S. dollar, Global plantings.  Propane shortages continue with the need for harvest dry down.  Thoughts of exports.  Cattle is hitting some lofty levels.  Holiday pressure begins.