I think!
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Published by BeefBasis
I think!
Published by BeefBasis
@mbacowboy – January 5, 2022 This is an interesting monthly chart of February Live Cattle, comparing the breakout from the last cattle cycle to the recent breakout in this cattle cycle. The trendlines are identical. If the mirror pattern continues, Feb could trade sideways for several more months.
Published by BeefBasis
@mbacowboy – January 4, 2022 A break in August live cattle combined with higher corn prices rocked March feeder cattle today. We knew a break was coming, and I doubt we put in the high for the year yesterday. The contract could still easily break another $4 before rallying.
Published by BeefBasis
@mbacowboy – December 3, 2021 March Feeder cattle have followed similar resistance slopes on rallies, and two different support slopes on corrections. Following these trendlines, March could see $170 next week if this was a short term correction, or $160-$165 if this correction continues.
With over 25 years of experience in managing and marketing cattle, the BeefBasis team can help you solve today’s market uncertainties.
Fast and easy access to the information and tools needed to improve your buying and selling decisions.
Determining the value of calves to buy and sell is never an exact science. And it’s become tougher, given the sweeping price variations between geographic regions and weight classes week to week, and the sheer price level of all cattle.
The Stocker Index reflects a 7-day weighted average price of medium and large framed steers weighing 350-650 pounds. The data used to calculate the index comes from auction reports generated by the USDA.
Are you considering retaining ownership of feeder cattle beyond the traditional time of sale? Our Retained Ownership tool can help evaluate potential profit.
Cattle production profitability fluctuates with the value of gain (VOG) implied by dynamically changing market prices. Use the VOG calculator to keep track of current estimates for your cattle.
Construct an optimal ration for your cattle using the Ration Calculator.
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M.S. — Oklahoma