CONSENSUS
  National Futures and Financial Weekly
  P.O. Box 520526, Independence, MO 64052-0526
      Tel: 816-373-3700 ** Fax: 816-373-3701
Subscribers' Log In
Free TrialSample Issue

Free Trial
Free Article
Issue Preview
Order Form
Commitment of Traders

Bullish Sentiment Historical Data
Daily Price Charts
Directory of Contributors
Hotlines
Newsletter
Links

  Your Research Library online! CONSENSUS is one of the largest online resources of in-depth research for trading the markets. CONSENSUS is The Investment Newspaper used daily by stock and futures traders

  New! You can now access FREE an article daily from the continuously updated CONSENSUS National Futures and Financial ONLINE newspaper.

  CONSENSUS National Futures and Financial Weekly has been serving its customers for 39 years with the latest, most up-to-date news and analysis in the stock and futures marketplace. We continue to serve our readers today with market letters, special reports, fundamental and technical buy/sell advice and all the latest information from more than 100 top national and international contributors from major stock and commodity firms, independent advisory services and government agencies.

  A typical issue contains 225+ articles and 120+ charts, graphs and tables. CONSENSUS covers all stock, financial, currencies, metals and petroleum, grains and oilseeds, food and fibers markets and more!

  Please check the list of our contributors for your favorite writers. Contact information is available in our Directory of Contributors

  Each issue includes the CONSENSUS Bullish Sentiment Index Of Market Opinion, the CONSENSUS Report of Commitments of Traders, Daily Price Charts, and economic reports from U.S. Department of Agriculture, Commerce, Labor and others.

New Contributors:

  We welcome market letters, special reports, articles, statistics and research studies for possible publication, from brokers, analysts and individuals. All material will be carefully considered (though we cannot assume responsibility therefor). Call 816-373-3700 or 800-383-1441. Material should be sent to CONSENSUS, Inc., P.O. Box 520526, Independence, Missouri 64052-0526.

FREE ARTICLE



CATTLE OUTLOOK

Prepared by Ron Plain and Scott Brown
University of Missouri-Columbia

(August 29, 2014) The USDA Cold Storage report released last Friday showed that total stocks of beef, pork, chicken and turkey in U.S. freezers at the end of July were 292 million pounds less than July 2013, a decrease of 12.7 percent. This is the fifth consecutive month where total meat stocks were at least 12 percent below the year ago level. Beef stocks were down the most of these four meats in both absolute and percentage terms, trailing last year by 20.8 percent.

Farm income projections released this week by USDA point to a 15 percent increase in cash receipts for cattle and calves in 2014. If realized, the projected level of $79.5 billion would be the third time in the last five years that cash receipts to the cattle industry increased by at least 15 percent.

USDA released the preliminary August steer and heifer to corn feed ratio in yesterday's Ag Prices report. It now stands at 43.5, the highest level in 8 years. This ratio has increased for three months in a row and is now more than 2.4 times greater than the July 2013 level of 17.8.

Choice boxed beef cutout values were down every day this week and have now fallen for 16 consecutive days. The cutout value for choice carcasses this morning was $245.99/cwt, down $4.21 from last Friday, but $50.31 higher than a year ago. The select cutout declined to $234.78/cwt on today's morning report, down $5.29 for the week, but still $52.30 higher than a year earlier. The choice-select spread this morning of $11.21/cwt trails only yesterday as the highest reading since early May.

Through Thursday, the 5-area average price for slaughter steers was up this week despite the drop in the cutout. Steers sold on a live weight basis were $154.56/cwt, up $1.74 from last week's average, and up $31.04 compared to a year ago. The 5 area average dressed price for steers gained $1.13 on the week to $242.98/cwt.

Cattle slaughter totaled 584 thousand head this week, down 1.0% from the week before and 7.7% fewer than the same week last year. The average dressed weight for steers slaughtered the week ending August 16 was 879 pounds, up 4 pounds from the week before and 15 pounds heavier than the same week last year.

Feeder steers and heifers were steady to a dollar lower at this week's Oklahoma City auction. This week's prices for medium and large frame #1 steers by weight group were: 400-450# $303-$324, 450-500# $273-$294, 500-550# $264-$278, 550-600# $250-$268, 600-650# $230-$246, 650-700# $218.50-$228.50, 700-750# $209-$227.75, 750-800# $209-$222.25, 800-900# $194-$217, and 900-1000# $194-$207.50/cwt.

Cattle futures posted solid gains this week. The August live cattle futures contract closed at $155.90/cwt today, up $4.05 on the week. October fed cattle settled at $151.42/cwt, up $4.42 for the week. The December contract finished the week at $153.95/cwt. The September feeder cattle contract advanced $7.75 this week to end at $218.65/cwt. October feeders closed at $216.72/cwt.

August 29, 2014
Ron Plain
Scott Brown
University of Missouri-Columbia
22 Mumford Hall, Columbia, Missouri
573-882-0134


Free Trial!     Free Trial!


CONSENSUS BULLISH
SENTIMENT INDEX HOTLINE
A Weekly Contrarian Sentiment Index

Our Contributors

Acuvest
Aden Research
Ag Financial Strategies
Ag Services
Ag Watch Market Advisors
Allendale, Inc.
Asset Management Research Corp.
Astro-Trends

Back Bay Futures
Bank of Toyko-Mitsubishi UFJ
BGC Partners, Inc.
BMO Financial Group
Bordier & CIE

Capital Commodity Investments Inc.
CFTC
Clif Droke
Clive Hale
Commodity & Derivative Advisors, LLC
Commodity Futures Forecast
Commodity Insight
Conference Board (The)
Core Futures

Danske Bank
Diapason Commodities Management
DNB Bank ASA Dohmen Capital Research Inc.

Econtrarian LLC
EFG Group, LLC
Euro Pacific Capital, Inc.
Euro Pacific Precious Metals LLC
EverBank
Excel Futures

Federal Reserve Banks
Federal Reserve Board
Friedberg Mercantile Group, Ltd.
FullerTreacyMoney Limited

Gann Global Financial
GoldAndOilGuy.com

Halco Trading Strategies
Hoisington Investment Mgmt. Co.

Informa Global Markets
INSIIDE Track Trading
Institute for Supply Mgmt.
Investment Letter
Investors Intelligence
Ira Epstein Division of The Linn Group, Inc.

Jim Wyckoff On The Markets

Liberty Trading Group

MCTS Trading Corp.
MarketTrendForecast.com
Michigan State University
Musings From The Oil Patch

Navigator Money Mgmt., Inc.
New Traders Of America
Northern Trust Co., The

OptionsTradingSignals.com

Pacific Investment Mgmt.
Pento Portfolio Strategies
Peter Eliades' Stockmarket Cycles
Price Futures Group
Pring Turner Capital Group

Random Walk S.L.
Raymond James Financial, Inc.
RCM Asset Management
Redbook Research, Inc.
Riverfront Investment Group
Rockwell Global Capital

Schaeffer's Investment Research
Sovereign Asset Mgmt.

Todd Market Forecast

U.S. Dept. of Agriculture
U.S. Dept. of Commerce
U.S. Dept. of Energy
U.S. Dept. of Labor
University of Illinois
University of Missouri-Columbia
University of Tennessee

Walsh Trading, Inc.
Walter Murphy
Welsh Money Mgmt LLC
Windy City Trader (The)
World Gold Council
WSI


Links:   A-C     D-F     G-L     M-R     S-Z  

Copyright 2014 by Consensus, Inc.

Hosted by:
CONSENSUS, INC.
P.O. Box 520526
Independence, MO 64052-0526
816-373-3700
Fax: 816-373-3701
editor@consensus-inc.com