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The cattle market is running into some technical resistance in the trade, even as strong growing conditions over the…
Last week on Cattle Chatter, the discussion pointed toward the potential for a bullish run — and that’s exactly what unfolded. On this week’s program, Brad Kooima with Kooima Kooima Varilek breaks down the stronger trade, including $12 higher cash cattle in Nebraska and continued short inventories in the South. He notes that this week’s big cleanups were needed, and current weather is helping ease some of those extra pounds on the hoof. Brad walks through the market fundamentals, offers insight into why boxed beef prices may be lower this week, and gives a look ahead at holiday beef