Tag Archives: weather

Quiet start with the livestock.  Tone of the beef is just okay…macro’s have Brad concerned just a bit.  Cash cattle.  Average weights are disturbing.  Year on year comparisons come in higher.  Is the market tired for the cattle?  Hogs continue to torment.   New virus in China-how is that going to affect the markets & heading into the Chinese New Year Celebration.  Beans took it in the shorts-is it weather in South America, corn did better but problems talked about it in a variety including wheat.

 

Crazy week of reports.  From the January 10th report, Phase One, USMCA…but still beans had a rough week.  Shows volatility & one needs to be prepared.  Last 60 days we have been in a tight range.   Ethanol margins remain tight…China even mentioned ethanol in Phase One.  South American weather & current harvest.  Hogs could see the boost from the trade deals.  There is money to be made in the cattle market right now.

Grains saw a bounce in the corn, China deal still needs to be inked out.  South America has good weather in Brazil-putting added pressure to bean demand, Argentina has been hot & dry.  Soybeans have had some oversold levels.  Bullish to the beans.  Basis to remain strong going into 2020.  COF report out on Friday & cash cattle thoughts.

 

 

China & the status of the agreement & 50-billion-dollar trade talk.  USMCA vote.  Weather in South America.  Timing of Chinese purchases…does it include ethanol?  How much of the rally a rally vs. a money flow?  Holiday feel set into the markets.  Winter wheat concerns looking at some dryer weather.  Cattle & hog fundamentals.  Waiting for cash cattle.  Is cattle weights a concern?