Cattle Market Faces Resistance as Trade Awaits Key Signals

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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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