Caleb Bleich

Raising Soy, Corn, Alfalfa, and Wheat. Cow/Calf and feeders

[Corey Curtis @c3ctlco]

30# a year, avg price today is $7, 25% off would be $5.25. 30# × $1.25 savings is $52.50 / year, a buck a week. Maybe focus on something thst really matters @realDonaldTrump

[Corey Curtis @c3ctlco]

Avg American eats ~ 30# of burger a year but buys 500+ gallons of gas, maybe @realDonaldTrump should reevaluate his priorities.

[jim hertzog @mokanjim]

Dear @realDonaldTrump @POTUS,
Consumers can choose cheaper proteins instead of beef if prices get too high. But when Americans pull up to the gas pump, they have no alternative. Focus on lowering fuel prices instead of attacking cattle producers.”

[Governor Newsom Press Office @GovPressOffice]

Trump’s latest scheme: flood the U.S. market with Argentinian beef — devastating American ranchers fighting for survival as herds hit 75-year lows.

Trump is propping up foreign producers at the expense of American jobs, families, and farms.

[Caleb Bleich @CalebBleich]

@GaryGvetter @sippingsuds Hey Gary, I was wondering if I could purchase the blueprints to your style barn from you? I’ve seen your barns on the internet, and really like them. Thank you.

[Lisa Abramowicz @lisaabramowicz1]

Powell to markets: "We're not cutting rates this year." Markets to Powell: "Yes you are."

[Long live LC MM funds! @leereichmuth]

Placements higher cause of a drought with huge cow kill for sometime now and record tight hay supplies…..looks bearish. Ya ok!! 😆

[Pro Farmer @profarmer]

Cattle futures surged behind signs this week’s cash trade will reverse a 4-week slide.

Meatpackers relied heavily upon contracted & previously purchased fed cattle supplies thru much of July, which may have depleted the supplies they had available this month.

#pfnews #cattle

[Lisa Abramowicz @lisaabramowicz1]

The 2-10s yield curve inversion is now the steepest since 2000. The narrative is getting clearer: the Fed will be compelled to be aggressive, making recession more and more likely.

[Pro Farmer @profarmer]

Improving cash market fundamentals supported gains in the cattle futures markets today.

August live cattle closed up 20¢ at $136.875 & nearer the session high. Prices hit a 3-week high.
August feeder cattle closed up $1.225 at $180.80, near the session high & hit a 13-week high.

[Lisa Abramowicz @lisaabramowicz1]

The gap between 2 & 10-year yields is basically flat. This time there isn't much pushback or discussion of histrionics. Traders are signaling that the Fed will have to tighten the U.S. economy close to a recession, if not into a deep contraction.

[Elon Musk @elonmusk]

Real talk

[Lisa Abramowicz @lisaabramowicz1]

No component of the "very strong May CPI print" takes any pressure off the Fed: Citi. "Our base case remains for 50bp hikes at each of the next 3 meetings...with a rising likelihood that the 50bp pace to continue beyond the September meeting, or still possibly larger hikes."

[Bloomberg @business]

Corn futures in Chicago exceed $8 a bushel for the first time in almost a decade, approaching a record high as war threatens global supplies https://t.co/hDIMgreM4F

[Javier Blas @JavierBlas]

CHART OF THE DAY: The Brent crude oil market, since the launch of futures in June 1988 to today (nominal prices). The high today was $139.13 a barrel, still below the all-time high of $147.50 a barrel set in July 2008. #OOTT #Ukraine

[Bloomberg @business]

Russian President Vladimir Putin signed a degree officially recognizing two self-proclaimed separatist republics in eastern Ukraine, a move that likely torpedoes European-mediated peace talks and further escalates tensions with the West https://t.co/pHvfDh6KiR

[Reuters Ag News @ReutersAg]

U.S. cow herd drops to seven-year low, beef prices set to rise further https://t.co/HVrezHKwyF

[Lisa Abramowicz @lisaabramowicz1]

"The best thing that can happen this year is a huge recovery in labor and global goods supply that brings down inflation quickly and raises expectations of trend growth. Otherwise the Fed will have to slow down demand to match it with weak supply:" DB's George Saravelos

[Lisa Abramowicz @lisaabramowicz1]

As expected, U.S. consumer price inflation came in at 7% year over year for December. Driving the month over month gain were used cars and trucks, with prices accelerating 3.5%, the biggest gain since June when prices skyrocketed more than 10%, via @katiadmi @theterminal

[Bloomberg @business]

New Covid strain prompts rush to safety, commodities plunge, and Bitcoin's 20% drop

Here's what's moving markets ⬇️ https://t.co/33e1dMzsjD