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.