- Input cost worries?
- Tough day in the grains with lower prices
- Huge news week in the U.S. & globally
- With all this outside influence how is that effecting our markets
- What goes up has to come down once & awhile
- Mixed livestock cattle trade
- Lower hogs
- WASDE Report
- How did the USDA get to those USDA numbers?
- What will the overnight & Wednesday trade be like?
- Corn/Bean/Wheat info
- How will livestock continue to react?
- Cattle market still has the chance to go higher
- First full week of trading in ‘21-what’s the feel of the cash
- Big outside day on Monday
- How does livestock react to higher grains?
- Macro markets-how are they playing a role in the trade?
- Huge cash feeder movement the next couple of weeks?
- Dollar on the trade
- Hogs have some money positions moving…how does that effect front month?
- Cheep meat at the counter
A five-part mini-documentary series on raising cattle in America begins on Sunday, January third, and a new episode will debut every Sunday night in January. The series is called “A Rare Breed: Legacies of Excellence,” and it will launch on the Certified Angus Beef Brand Cattlemen Connection YouTube channel.
The new segments premiere at 6 p.m. central time on Sunday nights. Interested people can follow along as the short videos introduce registered cattle breeders, commercial cattlemen, and cattle feeders from Oregon to Texas. It’s a chance to glimpse a little of their family life and cattle philosophy, as well as get new ideas for your operations.
“As we visit with some good cattlemen and women across the country, we often think ‘I wish everyone could see this or hear that,’” says Miranda Reiman, director of producer communications for the Brand. “We get to know their history, their cattle, and their drive, and we hope others will find them to be as entertaining and inspiring as we did.”
To watch the series, people can follow the CAB Cattlemen Connection channels on Facebook, Instagram, or YouTube, or go to www.CABcattle.com. Families from Kansas, Idaho, Texas, Nebraska, and Oregon make up the January lineup.
A new analysis of independent data for November shows that reported new COVID-19 infection rates among meat and poultry workers were more than eight times lower than the general population.
Data from the Food and Environment Reporting Network says the meat and poultry sector reported an average of 5.57 new cases per 10,000 workers daily in November. Infection rates among meat and poultry workers have declined steeply in the last six months while surging across the U.S. The New York Times reports that during the same period, the average new case rate for the U.S. population was 45.36 cases per 100,000 people per day.
The analysis follows a Centers for Disease Control decision this month to prioritize vaccinating frontline meat and poultry workers. Meat Institute President and CEO Julie Anna Potts says, “This new analysis is encouraging evidence that the more than $1.5 billion in comprehensive protections implemented since the spring have reversed the pandemic’s impact on the selfless men and women who keep America’s refrigerators full and the farm economy working throughout COVID-19.”
- Holiday doldrum trade
- A lot of year end wrap up going on
- South America as we get to Jan will see what their weather impact will be
- Corn imports with China all-time high
- Taiwan approves pork imports with Ractopamine
- Update to the dairy industry how has cheese buys effected the trade?
- Cattle supply side is bullish
- Higher grains to finish out the trade week
- Weather in South America
- The need for having reserves once again
- Stimulus package
- Beef could get expensive going into the new year with stronger profits
The grain complex wasn’t the only market trying to close on highs of the day. Live cattle and feeder cattle also ended the day strong. Kyle Bumsted, Allendale Inc, joined the Fontanelle Final Bell to discuss why cattle were having a decent run up in the market.
There’s plenty of obstacles for the cattle markets to overcome currently including a cattle on feed report Friday. Bumsted isn’t overly concerned about the cattle on feed report believing the placements could be friendly to the market.
What Bumsted is currently interested in, is the fact the recent gains made in cattle are coming with an increase in open interest for most contracts. That would indicate new positions entering the market rather than shorts taking their money out of the market.
Bumsted is also closely watching how much the next stimulus package could mean for individuals. That could indicate how much disposable income they have ready to try and buy beef following the Christmas season. Looking at local grocery store prices Bumstead believes current beef prices on the shelf are very attractive to the consumer.
You can hear all of Bumsteads comments on the livestock markets here:
- Crush number boosted the soybeans
- Holiday trade is setting in
- Low volume for the corn
- China grows their hog herd
- Cutout break…what does this mean going forward?
- Not a lot of cattle movement-part December part price?
- Wheat had a huge drop
- Some renewed export opportunities for soybeans
- Look at country basis
- Hogs continue to try to move with no luck
- Reminder we are into the December livestock market