So long as moisture continues to accumulate, and consumer demand remains strong, this bull run should have no problem continuing its upward trek.
So long as moisture continues to accumulate, and consumer demand remains strong, this bull run should have no problem continuing its upward trek.
A technical look at June live cattle and spot feeder prices.
We often view the grain markets as highly reactive to any weather changes, but the cattle contracts can be affected by weather developments, too.
Regardless of what the futures complex decides to do with the recent COF report, we know where the market's fundamentals sit; when it comes to buying and selling cattle, these fundamentals remain relevant.
While seeing seasonal shifts or adaptations in the market is important to note, we can't allow ourselves to only focus on one side of the market. Yes, boxed beef prices have ran into some seasonal pressure, but we simply don't possess the number of cattle that we had in past...
It's not farfetched to say bull spreaders are alive and well in the cattle complex and are continuing to encourage the cattle contracts to test their upper limits. But why the big push now?
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