Cattle Market Reports and Analysis
USDA’s latest Cattle Inventory report showed U.S. beef cattle numbers fell to the lowest level in 64 years to start the year. Tight supplies and strong demand could push cattle prices to even higher highs in 2025, but uncertainty is infusing more risk and volatility into the markets.
Row crops recovered on Tuesday, while cattle posted another lower day. Brad Kooima, Kooima Varilek says all those markets saw corrective action.
Scott Varilek, Kooima Kooima Varilek, is still optimistic the cattle market will be able to achieve all-time highs again in both cash and futures in the next few months.
USDA is Discontinuing A Major Cattle Report, And it Could Now Spur More Volatility For Cattle Prices
USDA National Agricultural Statistics Service (NASS) announced it’s canceling the July Cattle Inventory Report. In the announcement, NASS blamed budget cuts from the most recent appropriations bills.
Cattle feeders continued gaining market leverage this week as prices moved higher and slaughter levels declined.
Cattle producers liquidated their herds with drought hitting cattle country. They also faced poor pasture and winter wheat conditions. So, what does that mean for the fall cattle run and the market outlook?