Market Does as the Market Does

The cash cattle market is showing signs of deterioration, and some traders believe the complex may be technically overbought. From a chart perspective, markets are not in a favorable position, adding to the cautious tone. On this week’s Cattle Chatter, Brad Kooima with Kooima Kooima Varilek discusses plant closure rumors circulating out of South Dakota, the lingering fear factors tied to JBS, and whether the market has stretched itself too far to the upside. Still, as we’re often reminded — the market does what the market does, sometimes without a clear or logical reason.