Cattle price trends for the week ending 10/16/21. The graphs show the average of the highest prices reported for 6 livestock auction markets located in East and Central Texas. If you have any questions please let me know.

Financials: As of this writing (6;45am) Dec Bonds are up 11 at 160’00 and up 17 for the week. 10 Year Notes are up 6 at 131’13, down10 for the week and the 5 Year note up 4 over night at 122’11 down 14 for the week. Yields on the 2&5 year are slightly higher for the week at 0.35% and 1.0…

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The federally inspected cattle harvest was boosted by 20,000 head last week over the prior week. This was within the trade expectation, albeit a little weak, given that the 637K total two weeks ago was a function of one packing plant’s brief closure for cooler cleaning. Daily head counts for…

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The Sept 30 Quarterly Stock Report was a bearish surprise reflecting stocks at 256MB (est -172, 145-202) & the mkt plunged accordingly – taking out the summer lows by a Smidgen! But today is a nice recovery on “Turnaround Tuesday” as the mkt seems to have Shaken off the negative data – a…

Financials: As of this writing (6:30am) Dec. Bonds are unchanged at 159’15, up 5 for the week. The 10 Year Notes are unchanged at131’23 up 6 for the week and the 5 Year note down 1 overnight at 122’25, up 4 for the week. Yields are about unchanged since the last “Report” with the 2 Year at 0…