Wednesday Watchlist | September 16, 2026

HOST: Protein Pulse Drive Time. Wednesday Watchlist, September sixteenth. From The Sparks Group.

SHAWN: Having protein is not the same as having demand. Consumers are still buying. They are being more selective. Convenience, flavor, value. If the product does not give them a reason, they move on. Somebody still has to want the product. That is where the margin fight starts.

HOST: More cattle on feed does not mean more cattle becoming available.

SHAWN: Inventories may print one point eight percent above last year. Almost three point six million head have been on feed more than one hundred fifty days — up eighteen point seven percent. That can make the report look comfortable without improving near-term availability. Year-to-date slaughter is still down seven point six percent. Choice closed three seventy-six. Futures sold off.

HOST: The quota is open. About fifteen thousand tons of the September tranche had cleared last week.

SHAWN: Three hundred thousand tons of access is not three hundred thousand tons arriving. South American nineties indicated around three oh eight to three fifteen East Coast. Domestic last established four thirty-five. Watch arrival, not the headline.

HOST: Pork cutout fell to eighty-seven fifty. Bellies dropped almost eleven cents. Chicken still has the pounds. Meal jumped almost ten dollars. Crude one oh five.

SHAWN: Pork has supply. It needs reasons to consume it. Chicken remains the value story. Wisconsin added an HPAI detection — watch it, don’t over-read it. The protein price gets the attention. The cost structure and the consumer decide the margin. Stay disciplined.

HOST: Protein Pulse Drive Time. Shawn Sparks, The Sparks Group.

SHAWN: Stay disciplined.