- Posted
The cattle market is running into some technical resistance in the trade, even as strong growing conditions over the…
Tuesday’s New World Screwworm rumors still linger in the background, raising the question—did they serve as a wake-up call to just how quickly the market could react if they proved true? On this week’s Cattle Chatter, Brad Kooima of Kooima Kooima Varilek discusses the all-time highs in the cattle market, the continued passing on of packer bids in the North, and how the conversation around herd rebuilding is gaining momentum. Looking ahead, be prepared: the CME will implement new daily trading limits for cattle next week, with some chatter resurfacing about possibly reintroducing an overnight trade session.