Analyst: Cattle Market "Overbought" and on "Last Leg"

Cattle Market Demand

There was some red during the trading day on Tuesday, but in general the cattle markets have remained strong since Oct. 23.

This impressive climb is somewhat worrisome to Alan Brugler, president of Brugler Marketing & Management, LLC.

“As we go into mid-Novmber or early December, we’re going to see a big increase in the number of market ready cattle that are going to be available,” he said.

Heading into the holiday season with demand picking up, Brugler sees beef stocks swelling slightly, something that’s normal for this time of year. He thinks the key will be the export markets. The rally in the dollar is of particular concern, because prices could head into the red.

“If the dollar continues to strengthen, that hurts our competitive position against Brazil or Argentina or other exporters,” he said.

Hear Brugler’s thoughts on the downside risk heading into 2018 on AgDay above.



Restricted HTML

  • Allowed HTML tags: <a href hreflang> <em> <strong> <cite> <blockquote cite> <code> <ul type> <ol start type> <li> <dl> <dt> <dd> <h2 id> <h3 id> <h4 id> <h5 id> <h6 id>
  • Lines and paragraphs break automatically.
  • Web page addresses and email addresses turn into links automatically.
5 + 1 =
Solve this simple math problem and enter the result. E.g. for 1+3, enter 4.
Submitted by jingboo on Tue, 03/20/2018 - 08:54

La conversation générale n'est peut-être pas importante, mais certaines conversations très importantes nous obligent à le prendre au sérieux, car ils peuvent affecter notre travail et notre vie. Pour traiter des conversations importantes, telles que des entrevues, des rendez-vous, des négociations commerciales, etc. Si nous utilisons une question et répondons à un type de conversation, replique montre l'autre partie pense que nous ne nous respectons pas et donnons à l'autre partie Mauvaise impression. En rencontrant une telle conversation, nous devrions éviter d'utiliser une conversation en tête-à-tête.