Live Cattle Rally Holds at 233 as Tight Supplies and January USDA Report Loom Large
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Live Cattle Rally Holds at 233 as Tight Supplies and January USDA Report Loom Large
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This is your Daily Live Cattle Price Tracker with Vanessa Clark podcast.
Hey friends, welcome to the Daily Live Cattle Price Tracker with me, Vanessa Clark. Today Im diving into the freshest updates on live cattle prices, futures action, and what it all means for you in the cattle game.
Right now, live cattle is trading at 232.94 USd per pound, up a solid 0.24 percent from yesterday, according to Trading Economics. Thats building on a 0.96 percent monthly gain and a whopping 17.93 percent jump from last year. Futures are looking strong too February hit 233.00, up 62 points, while April climbed to 234.90, up 32 points, as reported by CK News Today. Cash markets show fed cattle steady around 232 to 233 live, with dressed prices near 365, per Ohio State University beef team insights.
Big news ahead the upcoming January 23 USDA Cattle on Feed report is buzzing with expectations of tighter supplies. Total inventory could be over 2 percent lower year over year, December placements down about 5 percent due to fewer feeders and import hiccups from Mexico, but marketings up 2 percent thanks to an extra slaughter day, says Cattle Range estimates. Beef cutouts are rising too Choice at 361.91, Select at 360.30 both up from last week.
Packers are squeezing margins with high input costs, but tight supplies from years of herd contraction mean prices stay supported. Calf prices are through the roof as grass turnout nears, so producers, watch your capital needs for buying and holding longer on pasture.
Takeaway lock in some protection if youre selling soon, and eye that USDA report for supply clues it could push prices higher. Stay smart out there.
Thanks for tuning in, pals subscribe and catch you next time on the Daily Live Cattle Price Tracker!
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