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.
With readily available feed and the expected bumper crop, feeder cattle interest has been increasing. The nationwide heard size is up about one million head from last year and the export of beef to China is
Limit up fed cattle this morning is bringing more sunshine to an already sunny day for the livestock sector.
It looks like the three day run of increasing live cattle prices has come to its end. All contracts lower on the close.