Cattle finished down .500-1.00 today, all contracts are now below 120.00 for the first time since mid April.
After observing modest gains for most of last week and the first day and a half of trading this week the market closed down on all open cattle contracts. Feeder Cattle finished limit down in all 2017
The cattle market slid into the holiday weekend, June cattle finished the day down 1.225 to settle at 122.700. All back months finished over 2 down on the day. This is reflected in the weekly picture as
Cattle feeders can now sharpen their pencils and start looking for cattle that will have positive returns. Many feeder cattle are selling now at much more attractive prices than we have seen in some time. Risk management
This has been a rough week for Cattle, it looks like we will close the week within pennies of all contracts being below $100. Next August board is 92.65 down 2.835 today which puts at contract lows.