Signs of More Demand Lift Cattle Futures

Cattle futures appear to be lifted by attractive beef prices and perceptions of increasing demand for domestic beefCattle futures have risen $2.50 from lows just last week.

The USDA has reported in the past 12 months, beef prices dropping over 7% (as well as pork prices declining, but chicken “rising”).  Just yesterday, a Midwest commodities analyst observed “wholesale” beef prices up almost ½% at a two week high, ultimately signaling more beef demand.

Cattle futures trend have been down for two months now.  We have been trading feeder cattle futures as an alternative to live cattle futures lately because feeders seem to trend better than live.  I’m awaiting a significant bounce higher, or a lower-risk alternative, to get short cattle futures again.

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