Bullish/Bearish Indicator for week ending 7/3/24
Bullish/Bearish Consensus
Bullish/Bearish Indicator for week ending 7/3/24

The theory behind the "Bullish/Bearish Indicator" is when the public reaches a consensus, they are usually wrong.

Fri July 05 2024

U.S. Economy Generated 206,000 Jobs in June; Not as Strong as it Might Appear
Economy
U.S. Economy Generated 206,000 Jobs in June; Not as Strong as it Might Appear

Government hiring has surged over the past year as private-sector hiring has faltered. The private sector added a softish 136,000 in June.

Fri July 05 2024

Ag Economy Barometer Drifts Lower on Weaker Future Expectations
Ag Barometer
Ag Economy Barometer Drifts Lower on Weaker Future Expectations

High input costs, rising interest rates and the risk of lower prices weigh on sentiment.

Thu July 04 2024

Invasive ‘Asian Longhorned Tick’ found in North Arkansas Cattle
Animal Health
Invasive ‘Asian Longhorned Tick’ found in North Arkansas Cattle

The tick can kill its host by swarming the animal but can also transmit a protozoan parasite called Theileria orientalis.

Wed July 03 2024

Restaurant Performance Index Remained in ‘Contraction Territory’ in May
Restaurant Performance Index
Restaurant Performance Index Remained in ‘Contraction Territory’ in May

Restaurant operators continued to report dampened sales and traffic readings.

Tue July 02 2024

Heavy Rain Collapses Roof at Cargill’s Dodge City Beef-Processing Plant
Beef Processing
Heavy Rain Collapses Roof at Cargill’s Dodge City Beef-Processing Plant

Cargill Indefinitely Shutters Production at Dodge City Plant; Shifts Cattle to Other Facilities

Tue July 02 2024

Corn Crop Condition as of 6/30/24
Corn Crop
Corn Crop Condition as of 6/30/24

67% of Corn Crop rated as Good to Excellent compared to 69% last week and 51% last year.

Mon July 01 2024

Feeder & Stocker Cattle Marketings for the week ending 6/29/24
Feeder & Stocker Cattle Marketings
Feeder & Stocker Cattle Marketings for the week ending 6/29/24

Last week's Marketings were 7.4% lower than the 3 Year Average.

Mon July 01 2024

Mid-Year Beef Cattle Inventory Estimated to be Slightly Lower
Beef Cattle Inventory
Mid-Year Beef Cattle Inventory Estimated to be Slightly Lower

Based on available data, the July 2024 beef cow inventory is projected to be 1.8% below the July 2023 level, consistent with the reported 2.5% decline in January.

Mon July 01 2024

Weekly Cattle Market Overview for Week Ending 6/28/24
Cattle/Beef Prices
Weekly Cattle Market Overview for Week Ending 6/28/24

Fed cattle trade in the Southern and Northern Plains was steady. Feeder cattle were higher while stocker calves were lower. Live cattle futures were higher with feeder cattle futures mostly lower.

Sat June 29 2024

Senator pushes to add Mandatory Country-of-Origin Labeling to Farm Bill
MCOOL
Senator pushes to add Mandatory Country-of-Origin Labeling to Farm Bill

MCOOL provisions were implemented during the 2002 farm bill but were repealed in 2015 after Canada and Mexico filed disputes with the World Trade Organization.

Fri June 28 2024

Consumer Sentiment Improves in Late June; Inflation Still a Big Worry
Economy
Consumer Sentiment Improves in Late June; Inflation Still a Big Worry

Consumers think inflation will average 3.0% in the next year, down from 3.3% in the prior month.

Fri June 28 2024

Bullish/Bearish Indicator for week ending 6/27/24
Bullish/Bearish Consensus
Bullish/Bearish Indicator for week ending 6/27/24

The theory behind the "Bullish/Bearish Indicator" is when the public reaches a consensus, they are usually wrong.

Fri June 28 2024

6/27/24: Weekly Beef, Pork, & Corn Export Highlights
Exports
6/27/24: Weekly Beef, Pork, & Corn Export Highlights

Weekly Beef Sales were up 13%; Weekly Exports were down 2%.

Thu June 27 2024

Denmark Imposes World's First Carbon Tax on Livestock
Cattle Carbon Tax
Denmark Imposes World's First Carbon Tax on Livestock

Denmark's farmers will be taxed for the methane produced by their cows, sheep and pigs.

Thu June 27 2024

12% of U.S. Cattle are in Drought Areas... Up 2% from Last Week
DROUGHT
12% of U.S. Cattle are in Drought Areas... Up 2% from Last Week

16.13% of the Lower 48 States are in Drought, compared to 12.03% Last Week.

Thu June 27 2024

NCBA Critical of USDA’s Proposed Rules to Packers & Stockyards Act
PACKERS & STOCKYARDS ACT
NCBA Critical of USDA’s Proposed Rules to Packers & Stockyards Act

USDA’s newly proposed rule is a direct attack on cattle producer profitability.

Wed June 26 2024

Iowa Utilities Board approves permit for Controversial Summit Pipeline
Eminent Domain
Iowa Utilities Board approves permit for Controversial Summit Pipeline

Eminent domain can used in Iowa, but project still needs approval in the Dakotas.

Wed June 26 2024

USDA Monthly Cold Storage Report
Cold Storage
USDA Monthly Cold Storage Report

Total red meat supplies down 3% from last year; Beef down slightly.

Tue June 25 2024

Cargill Strike Threatens Canadian Beef Supply Chain
Canadian Beef
Cargill Strike Threatens Canadian Beef Supply Chain

Cargill’s Ontario plant is the major plant supporting Canada’s largest fed-cattle region in the country after Alberta.

Tue June 25 2024

Cattle Empire
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Bar 3 Ranch Grass Fed Beef Business For Sale
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Clifton Livestock Commission 1st Annual Front Pasture Replacement Sale (1)

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Upcoming Sales...

LBJ Cattle Marketing Cream of the Crop Fall Replacement Female Sale
Holdenville Livestock Market 2025 Fall Sale Schedule
Reverse Rocking R Ranch Annual Bull & Female Sale (2)
J Bar Angus 25th Annual Bull & Select Female Sale
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Clifton Livestock Commission 1st Annual Front Pasture Replacement Sale