Morning Livestock Report, 09/22/2015

Tuesday, September 22, 2015

Adam Stout

The cattle market finally showed some life yesterday, opening solidly higher and staying there throughout the session. Friday's much smaller-than-expected placement total no doubt helped, but that number should have been supportive of the deferred Feb/April live cattle contracts, while it was actually the Dec that led the market higher. Open interest totals don't reveal anything significant this morning, so perhaps Friday's data was simply enough to ease what had become very bearish market psychology. Can it hold?? I've seen lesser items than Friday's placement total reverse the cattle market, and as noted yesterday last week's very large slaughter will go a ways in helping clean up non-current showlist supplies. Yesterday's showlist count reportedly looks larger in the South, but smaller in the North. Boxed beef cutout indexes also perhaps coming in better than expected yesterday, slightly weaker in the choice and actually firmer in the selects. Unfortunately for the bulls, outside markets are unanimously lower this morning which likely has cattle starting in that direction as well.

Unless otherwise noted, the posts on this blog should be construed as market commentary, merely observing economic, political and/or market conditions, and not intended to refer to any particular trading strategy, promotional element or quality of service provided by INTL FCStone Inc. or its subsidiaries. INTL FCStone Inc. is not responsible for any trading decisions taken by persons viewing this material. Information contained herein was obtained from sources believed to be reliable, but is not guaranteed as to its accuracy. These materials represent the opinions and viewpoints of the author, and do not necessarily reflect the viewpoints and trading strategies employed by INTL FCStone Inc. or its subsidiaries. Reproduction without authorization is prohibited. All rights reserved.

Market Intelligence Free Trial

Meet the Team

Kansas City, MO
1251 NW Briarcliff Parkway
Suite 800
Kansas City, MO 64116
Tel:+1 (816) 410-5079



Our privacy policy has changed. View our privacy policy to learn more.