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The cattle market is running into some technical resistance in the trade, even as strong growing conditions over the…
Boxed beef continues to build momentum, adding fuel to a cattle market that still leans on strong core fundamentals from the past year. But with that momentum comes questions—especially for hedgers. Just how much trouble are the shorts in? On this week’s Cattle Chatter, Brad Kooima with Kooima, Kooima, Varilek breaks down the liquidation pressure on short positions, interesting movement in the back months, and why leverage remains firmly on the producer’s side. Is the long-awaited rally finally here? Could this be the start of a Labor Day push?