Travis Benson

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  @gWorldwide - CME cattle end strong, set new contract... - [Cached Version]
  Published on: 11/7/2002    Last Visited: 11/7/2002  

  The board might step back in the next two weeks, but I think cash is going to make good advances toward it (futures price)," said Travis Benson with Crystal River Capital.
  
  Cash markets have been quiet this week but cattle should trade $1.00 per cwt higher at $69.00 when trading develops.Early projections on next week's Cattle on Feed report also point to lighter than year ago placements onto feedlots and larger marketings during October which should bring feedlot supplies down further, they said.
  
  Weakness in choice boxed beef values at midday and fund rolling kept a lid on the market, they said.
  
  Choice boxed beef values eased 10-51 cents per cwt early Thursday to $110.17-$111.84 per cwt.

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  @gWorldwide - CME pork bellies seen down on storage... - [Cached Version]
  Published on: 9/19/2003    Last Visited: 9/21/2003  

  Beef prices at the (high) level that they are probably was a big factor, as far as drawing beef out," added Travis Benson with Crystal River Capital.

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  @gWorldwide - Cold storage report neutral/bullish to... - [Cached Version]
  Published on: 5/20/2003    Last Visited: 5/21/2003  

  "You should have taken product out no matter what due to the fact that you had your light (cattle) numbers in that quarter, let alone April being tight in itself," said Travis Benson with Crystal River Capital.
  
  But analysts said this report will have very little effect on cattle futures.
  
  "The report is going to have very little reaction, as far as tomorrow's trade on the cattle or the feeder cattle" futures, Benson added.

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  @gWorldwide - Tight US fed cattle supplies to persist... - [Cached Version]
  Published on: 11/15/2002    Last Visited: 11/16/2002  

  "We are running out of more yearlings and going to a lighter-weight cattle in the placement numbers, which will continue to add to the tight supplies all the way through April now," said Travis Benson with Crystal River Capital.
  
  Benson noted that some of the tighter feeder supplies came from competition between feedlots and grazing interests for feeder cattle numbers.But one of the main reasons for reduced placements is the declining supply of cattle overall.
  
  "I think our cattle numbers are still slowly declining.The drought situation and the (weak) cattle market the last two to three years has slowly dwindled our herd size," Benson said.
  
  Analysts noted that the drought appears to be abating somewhat, and improving wheat pasture conditions have stimulated renewed demand for grazing cattle at the same time total U.S. cattle numbers continued to decline.

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  @gWorldwide - U.S. study finding no risk in... - [Cached Version]
  Published on: 5/19/2003    Last Visited: 5/20/2003  

  "It's another situation that we will have to wait and see what is said to the nation," said Travis Benson with Crystal River Capital in Colorado.

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  @gWorldwide - UPDATE 1-CME traders call USDA data... - [Cached Version]
  Published on: 8/15/2003    Last Visited: 8/16/2003  

  "Our aggressive marketings over the past three months have eaten up any possible surge in the cattle runs that we might have seen in the August-September time period due to early in the year (heavy) placements," said Travis Benson with Crystal River Capital.
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  Benson noted that the price of cash feeders and the rising CME feeder cattle index showed there was aggressive demand for feeders to be placed onto feedlots.
  
  Analysts also cited low feed costs during the month of July and dry pasture conditions over much of the western half of the country for some of the increased placements.
  
  "We still have drought in some northern states that may be pushing some cattle onto feed," Benson added.

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  @gWorldwide - UPDATE 1-USDA tracks five Montana bulls... - [Cached Version]
  Published on: 6/4/2003    Last Visited: 6/4/2003  

  "The good thing about this is it's showing how the USDA and how the Canadian authorities are really going through and tracing as many linkages to that animal as they possibly can," said Travis Benson with Crystal River Capital."They are taking it very seriously, which is very positive."
  
  Benson and Tom Tippens with eMerge/PCC said word of the search for the bulls might pull down cattle futures prices slightly.

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  @gWorldwide - US Plains cattle bid $64, no sales... - [Cached Version]
  Published on: 9/18/2002    Last Visited: 9/18/2002  

  "We should see $67.00 at the very least and possibly $68.00," said Travis Benson, livestock analyst with Colorado-based Crystal River Capital."We are starting to get into the tighter numbers.
  
  Losses on cattle sales had feedlots drastically reduce placements early this year.Now those smaller placements are ready for market and analysts expect tight supplies of market-ready cattle and higher prices from now through the end of the year.
  
  "I think the psychology has changed.
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  The feedlots feel they have a little bit more control than they had in the past six months," said Benson.
  
  Higher cash beef prices this week also should encourage feedlots to hold out for higher cattle prices, said Benson.
  
  Late on Wednesday, USDA quoted the boxed beef cutout value for choice 750- to 900-pound carcasses at $113.28 per cwt, up $2.39 from Tuesday and the highest value in nearly 3 months.
  
  In other news, CME live cattle futures closed mixed on Wednesday with October futures off 0.100 at 69.725 cents per pound and December futures up 0.100 at 72.325.
  
  Return to news index

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  @griculture Online - News - Cattle mkts steady but... - [Cached Version]
  Last Visited: 1/7/2004  

  "I think in the short term we are done going lower, but I don't think we are done going lower," said Travis Benson, analyst with Colorado-based Crystal River Capital.
  
  "If we see boxed beef prices continuing to deteriorate then we are going to see a further slide in the board," he said.

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  @griculture Online - News - U.S. cattle prices... - [Cached Version]
  Published on: 9/9/2003    Last Visited: 9/11/2003  

  "If the beef market continues to trend higher with this phenomenal demand, we will see cattle prices go higher," said Travis Benson, analyst at Denver-based Crystal River Capital.

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