Monday Market Sentiment

Monday Market Sentiment: Cash cattle see highest jump in a year

Last week’s snow storm limited the number of market-ready cattle across the southern Plains forcing packers to pony up extra cash for animals. The snow also made it difficult for trucks to deliver to packing plants which limited beef production, translating to even higher retail beef prices. Our Monday Market Sentiment panel expects gains to carry into this week with an increase of 70 cents to $128.49 per cwt. ... Full story.

Monday Market Sentiment: Cash improves, storm to slow processing

The cash market improved last week and our expert panel foresees the trend continuing due to the two rounds of snow storms moving across the Midwest. Snow has kept people at home a few times in the past week, limiting processing plant operations and decreasing show lists. ... Full story.

Monday Market Sentiment: Cash market, beef prices sag

Wholesale beef and cash cattle prices dropped lower last week and demand for beef at high prices is becoming a concern no matter how limited the supply. Cash cattle prices declined for the second consecutive week, but our Monday Market Sentiment panel sees a turnaround in the short week following Presidents’ Day. Experts are forecasting an increase of $1.15 this week, taking the Monday Market Sentiment to $123.86 per cwt. ... Full story.

Monday Market Sentiment: Storm, USDA report seize cash market

The cash cattle market retracted from the previous week’s significant gains, falling 34 cents last week. Cash cattle ended the week lower with the USDA forecasting higher-than-expected beef production from U.S. cattle herds. Our panel of industry experts remains confident and expects prices to charge higher. This week’s Monday Market Sentiment predicts higher cash prices, showing an increase of 93 cents to $125.76 per cwt. ... Full story.

Monday Market Sentiment: Smaller herds help stop market losses

The cash cattle market increased last week, ending three weeks of drastic losses totaling $5.55 per cwt. Last Friday’s report confirmed the cattle inventory is at its lowest in 61 years as feed costs reached record highs during last summer’s drought. Our panel of industry experts predicts cash cattle to move higher this week, improving by 62 cents to $125.79 per cwt. ... Full story.

Monday Market Sentiment: Grocers push back on high beef prices

The cash market fell for the third consecutive week, down $1.30 last week to $122.59 per cwt. Despite the continued losses, our Monday Market Sentiment panel remains confident that recent news will help turn the market around. Our panel of industry professionals forecast an increase of $2.76 this week, expecting the average 5-Area trade to improve to $125.35 per cwt. ... Full story.

Monday Market Sentiment: Cash market takes another punch

The cash market suffered a second week of consecutive setbacks, falling $2.20 last week. News of Cargill closing its plant in Plainview, Texas pushed the market lower and forced analysts to consider what the effects of the smallest cattle herd size in 60 years would have on the market. ... Full story.

Monday Market Sentiment: Outlook positive despite major setback

Last week’s drastic fall lower didn’t discourage our Monday Market Sentiment panel as expectations of lower cattle supplies and beef production weigh on expectations for 2013. The cash market was riding a streak higher for four consecutive weeks, gaining $4.32 in that time, but the streak ended last week when the 5-area average finished $2.05 lower. ... Full story.

Monday Market Sentiment: Steady gains persist

The cash cattle market continues its streak of firm improvement, moving higher for the fourth consecutive week. Seasonal supply reductions and improved retail industry buying are expected to be supportive for this week’s trading, however Reuters reports wholesale beef prices were lower Monday. ... Full story.

Monday Market Sentiment: Factors push cattle higher to start 2013

Cash cattle prices continue to climb with steady beef demand in the face of high retail prices and tight cattle numbers. The cattle markets and other commodities are expected to improve Wednesday as Congress finalized a budget deal to prevent tax hikes and spending cuts. The cash market increased for the third consecutive week, moving the 5-area weekly average up 88 cents this week. ... Full story.

Monday Market Sentiment: Cash market on a roll, likely to go on

The weekly average cash market price increased for the second consecutive week to recoup some of the losses in the previous two weeks. Packers are expected to continue to put a lid on purchases to improve negative profit margins on high beef prices. This week industry professionals forecast an increase of $1.31 per cwt, setting the Monday Market Sentiment at $127.49. ... Full story.

Monday Market Sentiment: Low established, gains ahead

The cash cattle market exceeded our panel’s expectations last week as the market increased sixty cents to end two consecutive weeks of losses. Although there have been nine weeks since early September where the market has changed by more than a dollar, the 5-area weekly average has stayed within a four dollar range since then. Predictions this week show optimism in the market with the Monday Market Sentiment up $1.15 to $125.56 per cwt. ... Full story.