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Veteran Contributor

cattle chart

Could someone smarter than me intrept the cattle chart of what just recently happened.

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9 Replies
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Senior Contributor

Re: cattle chart

I'll second that motion...
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Veteran Advisor

Re: cattle chart

 
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Honored Advisor

Re: cattle chart

No idea ----------------------- but it was quick.

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Veteran Advisor

Re: cattle chart

Sorry about that! I shoulda checked my link. I'll try to do better next time.

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Honored Advisor

Re: cattle chart

I have tried several times to copy those charts and had no luck.

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Veteran Advisor

Re: cattle chart

Ok third times a charm!

 

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Veteran Advisor

Re: cattle chart

Usually I am better at it.  This one gave me fits. But I started with CME's site. That is a horrible site. The one I finally got posted was from barchart.

 

BUt I still don't know what the guys who originally posted want to know.

 

This is the more important number the boxed beef trade.

 

Current 5 Day Simple Average: 189.13 182.69 -------------------------------------------------------------------------------- NATIONAL BOXED BEEF CUTS - NEGOTIATED SALES FOB Plant basis negotiated sales for delivery within 0-21 day period. Prior days sales after 1:30pm are included.

 

When the boxed beef price is at this level the packers are running in the red.

 

remeber this isn't about supply this is about demand. The demand for beef was very slow going into the beginning of the year. The fiscal cliff hoopla led to higher taxes. When many americans are living paycheck to paycheck and then they have a big chunck taken outa their pay they are gonna buy less.

 

Think about how many folks use thier withholdings as a savings account.  So they want that big tax refund.  Now with higher tax rates (i know mosta re gonna say just the fica went up) They have less disposable income.

 

Hence beef cutout values fall due to lack of demand. 

 

 

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Veteran Advisor

Re: cattle chart

One more chart.

 

NameContractLastChangeOpenHighLowTimeLinks
Live Cattle LEG13 (Feb '13) 128.550 -0.400 128.575 128.625 128.425 07:06    
Live Cattle LEJ13 (Apr '13) 132.975 -0.425 133.150 133.250 132.925 07:10    
Live Cattle LEM13 (Jun '13) 128.400 -0.475 128.500 128.625 128.250 07:07    
Feeder Cattle GFH13 (Mar '13) 149.275 -0.625 149.450 149.625 149.275 06:02    
Feeder Cattle GFJ13 (Apr '13) 152.650 -0.650 152.750 153.075 152.650 06:18    
Feeder Cattle GFK13 (May '13) 155.750 -0.550 156.025 156.200 155.750 06:18    
Lean Hogs HEG13 (Feb '13) 86.950 -0.225 87.175 87.175 86.775 07:07    
Lean Hogs HEJ13 (Apr '13) 88.850 -0.200 89.125 89.125 88.725 07:10    
Lean Hogs HEK13 (May '13) 95.300 -0.950 95.250 95.450 95.100 07:05    
Class III Milk DLG13 (Feb '13) 16.99 -0.03 17.05 17.05 16.99 06:58    
Class III Milk DLH13 (Mar '13) 16.83 -0.04 16.81 16.92 16.81 04:07    

 

Lots of negatives on that chart.

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Frequent Contributor

Re: cattle chart

Alot of times after a big up day we have negatives.

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