Cattle Fall Back as Traders Square Up Ahead of USDA Reports on Friday

USDA reports show continued shrinking of U.S. cattle herd as soaring prices continue

The number of beef cattle in the U.S. continues to fall, a pair of reports released Friday by the U.S. Department of Agriculture show. "We are not expanding the breeding herd yet, and the implications are just tight cattle supplies moving forward," said Tyler Schau, chief financial officer for agmarket.net. Even before the USDA released the cattle on feed and cattle inventory reports, the feeder cattle and live cattle markets climbed on Friday, …

Producers, Traders Looking for Clues on Herd Build-Back in Friday’s USDA Cattle Reports - Oklahoma Farm Report

Friday's USDA July 1 Cattle on Feed report isn't expected to unveil anything wild in terms of the typical three categories -- on feed numbers, placements and total number of cattle marketed. But ShayLe Steward of DTN says what cattlemen and traders alike will be quickly searching for when the report comes out is the

Profit Taking Ahead of Reports - Archer Financial Services

MORNING LIVESTOCK FUTURES OUTLOOK CATTLE COMPLEX  Live Cattle trade volume was moderate Thursday with active... The post Profit Taking Ahead of Reports appeared first on Archer Financial Services.

Cattle Fall Back as Traders Square Up Ahead of USDA Reports on Friday

Live cattle futures posted losses of $1.22 to $1.35 at the close. Cash activity thus far has been limited so far this week, with some light $230-231 in the South. Other bids are $230 in the South and $235 in the North. The Thursday Fed Cattle Exchange online auction from...