◂ Event Timeline

Dec 12, 2022REPORTUS

Is the Spring 2023 Cash Cattle Market Pegged Correctly?

DTN analyst ShayLe Stewart reviews the December WASDE, which left beef price forecasts unchanged and raised 2022 beef production by 70 million pounds. The article suggests the spring 2023 cash cattle high could reach around $155.

WHY IT MATTERS

Steady USDA beef price forecasts and a cash market under pressure suggest limited near-term upside, while tight supplies keep the outlook supportive.

AFFECTSLive Cattle◆

SOURCE
dtnpf.comShayLe StewartDec 12, 2022

Price reaction & history

Live Cattle◆neutralSO FAR1d +0.0%5d +0.2%20d +1.5%

After 78 past neutral report events, Live Cattle moved a median +0.2% over 5 sessions (54% higher; middle half -1.0% to +1.0%), and +0.7% over 20.

Nov 22, 2019Cattle Current Weekly Highlights—Week ending Nov. 22, 2019 – Cattle Current Market Update+1.1%
Nov 6, 2024Weekly Cattle Market Trends: Cash Prices, Feedlot Margins, and Packing Plant Utilization - Beef Web-1.0%
Mar 11, 2022Weekly global protein digest: Australia's beef herd recovering, HPAI, US dairy markets | The Cattle Site+0.5%
Oct 26, 2022US Beef Demand Seen Falling in 2023 as Cattle Herd Continues to Shrink – The Van Trump Report+0.7%
Sep 28, 2020USDA investigation shows cattle markets work+1.0%

Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.

Live Cattle LCATTLE · GP ▸

——— · ·

Loading…