Morning Livestock Report, 11/27/2015

Friday, November 27, 2015


The cattle markets are open for a half session today and both packer buyers and feedyard producers will both need to use the time to get at least some minimal cash cattle business accomplished. We did see some light $195 dressed business take place in the North on Tuesday, but producers passed on those same $195 bids Wednesday, as they did the $124 live bids in the South. Most in the industry seem to be expecting something $1-2 higher than last week’s $127 market?? Winter weather, though, has a tendency to help producers’ negotiation resolve, and we’ve got a giant mix of rain, ice, snow across most of cattle country this morning, slowing cattle performance. Combine that with firmer boxed beef markets reported on Wednesday afternoon and we’ll be looking for cattle futures to start firmer this morning.


Unless otherwise noted, the posts on this blog should be construed as market commentary, merely observing economic, political and/or market conditions, and not intended to refer to any particular trading strategy, promotional element or quality of service provided by INTL FCStone Inc. or its subsidiaries. INTL FCStone Inc. is not responsible for any trading decisions taken by persons viewing this material. Information contained herein was obtained from sources believed to be reliable, but is not guaranteed as to its accuracy. These materials represent the opinions and viewpoints of the author, and do not necessarily reflect the viewpoints and trading strategies employed by INTL FCStone Inc. or its subsidiaries. Reproduction without authorization is prohibited. All rights reserved.

Market Intelligence Free Trial