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The cattle market is running into some technical resistance in the trade, even as strong growing conditions over the…
Cattle Futures Show Signs of Overbought Conditions
The cattle market is feeling extremely overbought, with all-time highs in the cash trade. Demand remains strong, driven by tight supplies and packers needing to fill the rail. Carcass weights are high, and beef continues to outpace pork and chicken at the meat counter. The big question now: is there still room for risk management—does hedging make sense at these levels? This weeks Cattle Chatter with Brad Kooima with Kooima Kooima Varilek breaks down the whys we have seen this week.
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The boxed beef market took another jump as the week comes to a close. However, lower cash trade surfaced…
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Limited cash movement is being seen as the week winds down. On this week’s Cattle Chatter, Brad Kooima with…
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The cash cattle market is showing signs of deterioration, and some traders believe the complex may be technically overbought….