The 2017 cattle markets have been interesting, and since November 1, Elaine Kub, author of Mastering the Grain Markets, can describe them in one word: wild.
Live cattle futures fell nearly 10 percent, despite strength in the cash market, and now prices could be stabilizing over the next few weeks.
The start of a new year is less than two weeks away, and in the long term, Kub thinks these prices could continue.
“When you think of the retail customer, economic strength has been coming from developed countries more than the developing countries,” she told AgDay host Clinton Griffiths. “A premium product like beef is well positioned to take advantage of this global economic recovery.
Hear her full thoughts on the cattle market on AgDay above.
