『Cattle Chaos: Futures Flop, Cash Cows Crawl, & Data Delays』のカバーアート

Cattle Chaos: Futures Flop, Cash Cows Crawl, & Data Delays

Cattle Chaos: Futures Flop, Cash Cows Crawl, & Data Delays

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This is your Daily Live Cattle Price Tracker with Vanessa Clark podcast.

Hi everyone, I'm Vanessa Clark, and welcome to the Daily Live Cattle Price Tracker. Today, we're going to dive into the latest news affecting the live cattle market.

First off, the price of live cattle has been seeing some fluctuations. As of now, December live cattle futures are trading at around $233.925 per head, which is down by about $7.25 from earlier today. This downturn is largely due to the chaos in the market this week, with traders feeling exhausted from the wild swings in the cattle complex[1].

Additionally, cash cattle trade has been slow, with Northern dressed cattle trading at $370 per head, which is $2.00 lower than last week's average, and Southern live cattle at $238, also $2.00 lower than last week's levels[1]. This slow cash trade is partly because asking prices in the South are at $243 or more, and prices in the North have not been established yet[1].

The ongoing government shutdown is another factor affecting the market, as the USDA did not release its October 1 Cattle on Feed report as scheduled. This absence of data isn't having a significant impact today, but it will be closely watched when the report is released next month on November 21[2]. Private estimates suggest that on-feed totals remain stable compared to last year, with placements lower due to issues like the U.S. beef cow herd size and the closed border with Mexico[2].

Overall, the live cattle market is navigating through a mix of challenging conditions right now. Stay updated with us for more insights and analysis on the livestock market.

Thanks for tuning in today, and don't forget to subscribe to our podcast for daily updates on live cattle prices and market trends. Join us again tomorrow for more news and insights

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