Beef Market Update: Quiet trade week as we get closer to the halfway point of summer

After 29 past bearish weather events, FCATTLE moved a median +0.5% over 5 sessions (62% higher; middle half -0.5% to +2.6%), and +2.4% over 20.

• Jun 2, 2019Feed cost increases have feedyards paying attention to the weather market - RealAgriculture+3.1%
• May 30, 2017Weekly Market Highlights – Cattle Current Market Update+8.8%
• May 24, 2019Cattle Current Weekly Highlights—Week ending May 24, 2019 – Cattle Current Market Update-1.8%
• Jun 3, 2019Agri Marketing Update+3.1%
• Oct 7, 2024Fall Cattle Market Update for Midwest+0.1%

After 20 past neutral weather events, LCATTLE moved a median +0.4% over 5 sessions (60% higher; middle half -0.3% to +1.2%), and +3.0% over 20.

• Oct 24, 2023Beef prices have barely moved at the supermarket, frustrating farmers copping cattle price crash - ABC News+1.1%
• Aug 7, 2023El Niño: Anticipatory Action and Response Plan, August-December 2023 - Mitigating the expected impacts of El Niño-induced climate extremes on agriculture and food security - World | ReliefWeb+0.4%
• Jul 29, 2020Feeder Cattle Future Price Spreads: Opportunities to Hedge? | Ohio BEEF Cattle Letter+1.4%
• May 1, 2020The impacts of COVID-19 on livestock and red meat markets | Meat & Livestock Australia+3.2%
• Oct 8, 2018Development of wheat pasture could mute seasonal low of feeder cattle prices | Oklahoma State University-0.5%