Cash Cattle Surge as Tight Supplies Fuel Bull Market

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Strong Plains cash cattle trade is taking center stage this week, running $12 higher than last week, with May supplies expected to stay tight. On this week’s Cattle Chatter, Brad Kooima with Kooima Kooima Varilek says heavier cattle continue to come to market, while the industry holds in a pattern waiting for seasonal improvement in boxed beef values. Despite concerns about large speculative long positions, the overall tone of the market remains strong—highlighting what continues to be an impressive bull run in the cattle complex.

 

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