Market Summary
Slaughter cows and bulls steady to a little stronger. It is sure not common to see this market stay supported through the fall run. It speaks to tight supplies and great demand for beef. Calf market pretty steady but sloppy in places towards the end of the week. Lots of numbers around. We must be 60-70% through the fall run. Issues with trucks etc holding the market back a bit. Prices basically holding steady though. I guess one thing to watch is the futures complex next week. We saw a meaningful drop in value toward the end of the week and it’s hard to know exactly what that’s all about. Some of it was just related to the whole market meltdown over tech stocks, the innocent suffer with the guilty. Some of it was likely because the futures had gotten ahead of the cash and we needed to bring that back to reality. I think so far we haven’t seen any fundamental reason for a big drop in value so we’ll have to keep an eye out for that. It’ll be interesting to see how we trade this week. All in all though, it was another very successful week in the cattle markets. Values are holding together through the run, which speaks volumes. Ian
Market News
Dec 1 - Bred Cow & Heifer Sale Listing
Dec 8 - Bred Cow & Heifer Sale Listing
Dec 15 - Bred Cow & Heifer Sale Listing
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