BILLINGS, Mont. (RFD-TV) — Cattle producers are watching the markets closely as the industry heads into the final stretch of the year.
Jess Peterson with the U.S. Cattlemen’s Association says the fall run could still bring some movement.
“I think we’ll see some ups and downs. This fall run always seems to have that. I think January is going to kick off extremely strong if we can obviously [bring down] some of these global pressures and whatnot. Again, you should be able to correlate the markets with what is happening globally and look at that Cattle on Feed report, anything that gives some type of indicator, and there should be some correlation. When there’s no correlation, then we start looking: Is there not cash-traded cattle that you’re talking a lot about? Are they using these sweetheart deals? Are they bringing in these Mexican cattle and putting that downward pressure?”
The Cattle on Feed report will be released Friday at 3 p.m. Eastern. The next major indicator will be the January inventory report.
