Cattle market probes for short-term low, analyst says

Pork demand remains a strong market factor, analyst says.

 

By Terry Roggensack, Successful Farming

Agriculture.com - 4/28/2021

 

The live cattle market is still probing for a short-term low, while beef continues to advance.

 

Perhaps the selling pressures in the live cattle market will slow with the strong advance in beef prices and the sharp break in grain prices of the past few sessions.

 

High grain prices have been encouraging feedlots to sell cattle sooner, and weight data suggest that there is ample supply. The threat of a short-term bulge in beef production has helped trigger a sharp break off the April 8 peak, and the live cattle market is now probing for a short-term low with an oversold technical condition...

 

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https://www.agriculture.com/markets/analysis/livestock/cattle-market-probes-for-short-term-low-analyst-says