What is going on in the cattle market & how do we survive it? Friday finished another limit down day. How do we recover? Recap of the cash markets this week. What is the packers story from their side? Hogs also see a limit down trade. Talk of China recover from COVID-19 they will need the proteins. Drop in the corn market. Energy is pulling the market lower.
Another day of limit down trade. What is going to happen to this cattle market…the effects on the cattle producer. Volatility to this market trade today. Why did the markets fail? CME Floor trade closed-did that play a role? Boxed beef was up $12 at noon today. Futures failing…is this getting out of hand. What is the cause? Retail demand is picking up. Friday rumors on plant workers how did that effect the market? Hog cash news is firming. Business & China is there fruit to that talk. Grains had a devastating day. Outside market influence in the trade. Equities creating negativity.
Thoughts on the cattle market. Geo Political & Cornavirus keeping a hold of the markets. How the politics and global work together. Feeder cattle stabilize-could we have seen a stronger rally. Liking the hogs. Grains stabilize rally could be coming. Argentina raised their export taxes on soybeans. Combine of corn still going on. Stock market. There is an end to the chunk of news…but not soon enough