Fat Tuesday with Mike Sands | Beef Imports, Carcass Weights, and Drought
Futures Trading involves risk of loss and is not suitable for everyone. Past profits are not necessarily indicative of future results/profits.
We dig into why record beef imports can rise at the same time U.S. beef prices stay near record highs, and we lay out the supply math behind the headlines. We also track carcass weights, fund liquidation, and why deferred feeder and fed cattle futures look overly discounted versus what we see in the fundamentals.
• Record U.S. beef imports offsetting a steep drop in non-fed beef production
• Domestic 90% lean trimmings holding record highs despite cheaper imported lean
• Carcass weights breaking from normal seasonality and what might be driving it
• Packer incentives and heavyweight discounts shaping weight decisions
• Speculative money exiting cattle and feeders and what that does to deferred futures
• Feeder cattle weakness tied to Mexico border reopening fears and port constraints
• Why next spring feeder futures and next summer fed futures look too discounted
• WASDE report risk, feed costs, and drought-driven pressure on grass and water
If you got a kill sheet back within the past four months and saw a discount for a heavyweight one, let us know.
Tommy's Premium Subscription: www.agbull.com
AgBull Audio and Video Links
Apple Music
Spotify
YouTube
TikTok
Futures Trading involves risk of loss and is not suitable for everyone. Past profits are not necessarily indicative of future results/profits.
We dig into why record beef imports can rise at the same time U.S. beef prices stay near record highs, and we lay out the supply math behind the headlines. We also track carcass weights, fund liquidation, and why deferred feeder and fed cattle futures look overly discounted versus what we see in the fundamentals.
• Record U.S. beef imports offsetting a steep drop in non-fed beef production
• Domestic 90% lean trimmings holding record highs despite cheaper imported lean
• Carcass weights breaking from normal seasonality and what might be driving it
• Packer incentives and heavyweight discounts shaping weight decisions
• Speculative money exiting cattle and feeders and what that does to deferred futures
• Feeder cattle weakness tied to Mexico border reopening fears and port constraints
• Why next spring feeder futures and next summer fed futures look too discounted
• WASDE report risk, feed costs, and drought-driven pressure on grass and water
If you got a kill sheet back within the past four months and saw a discount for a heavyweight one, let us know.
Tommy's Premium Subscription: www.agbull.com
AgBull Audio and Video Links
Apple Music
Spotify
YouTube
TikTok
Futures Trading involves risk of loss and is not suitable for everyone. Past profits are not necessarily indicative of future results/profits.
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