Two interesting trade reports have been released by USDA in the last two weeks.
The CME Group announced more changes that include discounting live cattle futures at a delivery location and revising quality grade specifications.
The first time I lay laid eyes on it, a coworker had shared it on Facebook with the comment of "mansplaining‚..." Recognizing the column of that from a former editor, I read on with one part humor, three
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Holding their position allowed producers to increase cash trade $1 higher over the previous week’s market.
Cattle markets have remained at record highs thanks to fewer numbers and high demand.
The market is sitting in a holding position in this mid $120’s range, and the movement is anticipated to remain flat for the short-term.
Feeder cattle extends losses and lean hogs close mostly firmer.