Cattle futures are sharply lower on Monday with feeder cattle touching limit down at one point on economic uncertainty according to Brad Kooima of Kooima Kooima Varilek.
Cash cattle fall while boxed beef surges $7.45 per hundredweight. Futures trade below cash amid volatile outside markets.
Cattle futures are higher early Friday in tandem with the bounce in the equity markets and the pull back in crude oil and the energy markets according Scott Varilek of Kooima Kooima Varilek.
Yesterday, on the drive home from putting on a sell/buy marketing school in Bismarck ND. I was on the phone with sale barn ...
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Cattle futures prices fell in the second half of October on news that the U.S. may increase beef imports from Argentina. But beef prices didn't, and supply and demand remain about the same as before.
Across the country, ranchers have fewer cattle than at any point since 1952, leading to rising beef prices. Farmers are still expected to accumulate more debt this year.