The Commstock Report is a twice daily market report. 11/11/2026 Years Ending in 6 are Historically the Worst in Cattle Feeding…It is 2026. PLEASE REFER TO THE BROKER COMMENTARY PAGE FOR UPDATES!! Click Above to Watch Brian’s Afternoon Market Update Part 1 of 2 During the Covid episode, beef packers needed dump-trucks to haul windfall profits to the bank as curtailed kills depressed cattle prices and inflated beef prices. Feedlot losses and drought ganged up on producers pausing any action toward expanding the herd in this cycle. The money trucks then went into reverse causing packers to recoil from losses caused by shrinking fed cattle numbers while ranchers are gaining a historical period of profitability. This chart above is generally how a cattle cycle works but there is more to it than changing supply. The cattle market is connected at the hip to the wealthiest demographic of Americans for which steak has always been a part of their diets. They economize by eating smaller portions. That comes with age as well. Demand is also a part of the cattle cycle and what we learned in this is how resilient and elastic beef demand actually is to higher prices. There is a difference…
