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Market Highlights: Cattle Feeders Betting on the Come

Capture3 This price support is primarily due to Labor Day purchasing, but restocking of shelves will soon be completed. This means wholesale beef prices are likely moving lower during September and October. Packers will likely attempt to manipulate production to maintain strong prices unless the bottom falls out of finished cattle. OUTLOOK: As the month of August winds down, most producers and speculators in the feeder cattle arena will turn their attention to the September, October and November contracts. At this point, it does not matter which contract is being viewed as all three months are trading in about a 50 cent range. Thus, based on futures contracts and traders of futures contracts, the market price is not expected to be any different in November than it is today. This singular piece of information provides pricing opportunities for cattle intended for fall marketing. How this information is used can lead to several different outcomes as it relates to the price received for fall cattle marketings and ultimately profitability. Though futures are showing no price changes between now and November, the seasonal tendency is for calf and feeder cattle prices to decline. Based on Tennessee price data, 500 to 600 pound steer prices decline five percent on average from August to November which would result in prices declining about $7 per hundredweight in today’s market which equates to about $40 per head. Similarly, 700 to 800 pound steer prices decline six percent on average from August to November which would mean nearly an $8 per hundredweight decline in prices over the next few months.

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9/8/2018 Free Betting Preview  Western Michigan Broncos at Michigan Wolverines

The… Each team defense has recorded two sacks this season. The Michigan offense has lost one fumble this season while Western Michigan has yet to lose any The Broncos recorded 19 passing touchdowns last season. The Wolverines only put up nine passing touchdowns last season. Both of these teams recorded 26 rushing touchdowns last season. The Broncos logged 4.8 yards per carry last season while allowing a YPC of 4.2 to opponents.

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