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Why did the cash cattle market collapse this week? Cash prices fell $24 from the previous week, leaving producers…
Border Concerns, Screwworm Fears, and Market Volatility | 6-11-26 Cattle Chatter
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Border Concerns, Screwworm Fears, and Market Volatility | 6-11-26 Cattle Chatter
It’s been a week filled with head-scratching price action and volatility in the cattle market. According to Brad Kooima of Kooima Kooima Varilek, the market has become increasingly difficult to read on a day-to-day basis. Much of the uncertainty stems from ongoing rumors of plant closures, concerns about the spread of New World screwworm, and a significant decline in open interest, with roughly 25,000 contracts leaving the market over the past five trading sessions. Meanwhile, the cash cattle market continues to show signs that available inventory is being worked through, which could increase pressure on packers to step into
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