Close
Home  Markets
 
 
Friday, January 4,2013

BLM approves Vegas water pipeline

by Traci Eatherton, WLJ Managing Editor
The Bureau of Land Management (BLM) finished 2012 by signing off on a massive pipeline project that will carry water from rural counties along the Nevada-Utah line to thirsty Las Vegas. The controversial 263-mile water tube will stretch from rural areas to urban Las Vegas, home to 2 million people.

Read more Read it in print
Friday, December 28,2012

Holiday week impacts trade

by WLJ
The Christmas holiday disrupted cattle markets all around last week. Production was expected to be down, so the urge to buy fed cattle was low on that front. On the other side, however, the fact packers are running out of contract cattle put some pressure on them to buy negotiated fed cattle.

Read more Read it in print
Friday, December 28,2012

Placements surprise in recent report

by Kerry Halladay, Associate Editor
21. Because of surprising placement numbers—down compared to last year, but not as down as expected—the report is being called bearish for live cattle futures by CME analysts. On-feed numbers were almost dead-on to pre-report expectations and marketings were slightly below expectations.

Read more Read it in print
Friday, December 21,2012

Early week futures rally

by WLJ
The cash fed cattle trade was slow to develop again last week, though not as slow as in recent prior weeks. Throughout the first half of the week, trade was nonexistent. Cattle feeders were asking $128-130 live and $202- 205 dressed and ignored the offers of $123 live in the Southern Plains and the $195 dressed bids.

Read more Read it in print
Friday, December 14,2012

Surprise rally in futures

by WLJ
No trend-setting trade had developed by Thursday afternoon last week. Expectations of continued sluggish demand, packers with plenty of contract cattle to work from, and futures making a steady upward run made for little motivation on the packer side.

Read more Read it in print
Friday, December 7,2012

Flagging demand, product prices worrisome

by WLJ
Larger showlists, the expectation of more slaughter-ready cattle coming available in the short term due to limited feeding options given wheat pasture situations, and in-the-red packing margins gave packers the power on prices last week.

Read more Read it in print
Friday, December 7,2012

CME reporting error on wheat

by Kerry Halladay, Associate Editor
Thursday, Nov. 29, CME closed trading on wheat and its other commodities as usual. Its initial Deliverable Commodities Under Registration Report erroneously reported the number of wheat contracts available for delivery as substantially lower than accurate.

Read more Read it in print
Saturday, December 1,2012

Futures down, product up

by WLJ
Some cash trade developed on Monday to the tune of a couple thousand head of cattle selling live in Texas at $128. This would be steady with the week prior. These cattle reportedly went to JBS and were thought to be effectively cleanup trade from the week before where they found themselves short bought.

Read more Read it in print
Friday, November 23,2012

Placements down, called friendly to prices

by Kerry Halladay, Associate Editor
The most recent Cattle on Feed (COF) report was released Friday, Nov. 16 covering cattle on feed in feedlots with at least a 1,000-head capacity as of Nov. 1 as well as cattle placed on feed and marketed during the month of October.

Read more Read it in print
Friday, November 23,2012

Short week; COF favors futures

by WLJ
Despite the reportedly shortbought nature of many packers the week before, and the full production week expected this week, packers were not particularly quick to buy cattle during last week’s short window of purchasing opportunity. By Wednesday morning, no sales had been reported and very few bids had been placed.

Read more Read it in print
 
 
User Box (click to open)
 
SEARCH IN WLJ
Sign up for our newsletter!
   
 
S M T W T F S
1 2 3 4
5 6 7* 8* 9 10* 11*
12* 13* 14* 15 16* 17* 18*
19* 20* 21* 22 23 24 25*
26 27* 28 29* 30 31*
 
 

© Crow Publications - Any reprint of WLJ stories, except for personal use, without permission, written consent and appropriate attribution is prohibited. 2008 Crow Publications. All rights reserved.