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The cattle market is running into some technical resistance in the trade, even as strong growing conditions over the…
Cattle finding new gears in a bullish trade today, with cash once again proving to be king. Sale barns are seeing rocket-fueled bidding as packers hunt for inventory. On this week’s Cattle Chatter, Brad Kooima with Kooima Kooima Varilek talks about bids floating around $218 live in Kansas and $216 live with $335 to $340 dressed in Nebraska, but no trade has happened yet. Asking prices remain firm — $225 in the South and $340-plus in the North — and analysts say this market still has room to push higher before hitting any real resistance. Feeder cattle are also