Steady Cash Cattle Trade Amid Market Challenges | Cattle Call
Finance
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10m
This week's cash cattle trade appears steady after three weeks of notable strength. On the latest edition of Cattle Call, Brad Kooima from KKV Trading highlights the dynamics of a challenging market:
Market Reversal: The downward price reversal on Monday has extended into midweek. This trend follows an increase in WASDE-reported corn ending stocks, which raises feed costs and impacts the cost of gain for cattle feeders.
February Discounts: February futures reflect a discount to current cash prices, signaling caution in the market outlook despite recent cash strength.
Consumer Price Sensitivity: Retail beef prices remain elevated. A key concern is the threshold at which prices deter consumers, potentially limiting demand in the face of rising grocery costs.
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