May is Beef Month and the push for sales in volume is underway, driven on the promise of spring grilling demand.
Here is your weekly grain and livestock market outlook and review for Nov. 25 from the economic experts at Doane Advisory Services.
Prices slip to levels not seen since December 2016.
The flip of the calendar to February brought much-needed short-covering to begin a seasonal uptick in prices.
Cattle markets moved lower this week, spurred by futures markets that nosedived on Wednesday.
Corn futures are facing technical resistance. The yellow grain market continued its general rally Tuesday in the wake of the US production cut indicated on the January 12 USDA reports, with talk of South African drought
Feeder cattle closes sharply higher and nearby hog futures up, others down.
The rally continues for feeder cattle prices as new all-time highs were posted last week.