Caution for the Cattle Market: Buy Puts

.
.
(.)

The cash cattle market is “extremely strong” which is driving futures, according to Brian Splitt of Allendale, Inc.

He told AgDay host Clinton Griffiths producers need to be mindful because the fund position is “extremely” long.

Hear why Splitt advises cattle producers to buy puts on AgDay above.

Drovers_Logo_No-Tagline (1632x461)
Drovers_Logo_No-Tagline (1632x461)
Read Next
The company will end operations at its Joslin, Ill., beef facility and its Eagle Mountain, Utah, case-ready facility plus it is pursuing the sale of its Pasco, Wash., beef facility.
Get News Daily
Get Market Alert
Get News & Markets App