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Heavy post-holiday receipts and muddy, wet conditions pressured calf and feeder cattle prices the week ending January 11, with steers and heifers selling $4 lower to $1 higher. Winter Storm Gia then pushed cattle futures higher, with feeder futures up about $1.60 and live cattle up about $1.70 on the week.
Weather-driven cattle performance and feedyard conditions tighten near-term supply expectations, supporting futures, while heavy receipts pressure cash calf prices.
cattlecurrent.comWLIJan 11, 2019After 80 past bullish weather events, Live Cattle moved a median +0.1% over 5 sessions (54% higher; middle half -0.8% to +1.3%), and +0.7% over 20.
After 79 past bullish weather events, Feeder Cattle moved a median +0.1% over 5 sessions (53% higher; middle half -1.4% to +1.7%), and +1.4% over 20.
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.
