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The boxed beef market took another jump as the week comes to a close. However, lower cash trade surfaced…
Cattle Market Faces Resistance as Trade Awaits Key Signals
The cattle market is running into some technical resistance in the trade, even as strong growing conditions over the past 12 months continue to show up in heavier cattle weights. On this week’s Cattle Chatter, Brad Kooima with Kooima Kooima Varilek discusses the ongoing Greeley strike and its impact on the market, along with improving packer margins compared to just three weeks ago—raising hopes for increased Saturday slaughter runs. With the Cattle on Feed report due out Friday, cash trade may remain quiet until more clarity is available. Viewers are also asking about the Nebraska wildfires and why markets
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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….
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Cash is still king in the cattle market, with Northwest Iowa seeing trades at $250, reinforcing the strength of…