Livestock Markets

Quietly gaining traction in the background of the spring crop planting delay are live cattle futures. Now as we start third quarter with eyes on fourth quarter, the fundamentals appear to be shifting.

What happened to the size of the herd in 2018? Did U.S. producers continue to increase their herds in 2018, or did expansion grind to a halt?

Today's Cattle on Feed report lightens the potential supply we were fearing for the coming spring/summer. There should be some higher trade on Monday.

While the Chinese government is taking aggressive action to eliminate hogs where cases are reported, it puts the world on alert that a drawdown in China’s hog herd is possible.

The dairy industry continues to struggle financially.

The supply and demand fundamentals continue to balance each other well, which is why prices continue to chop and traded in this sideways pattern. Yet be aware of what might be lurking ahead.