Cattle monitor the stabilized corn market. May 4, 2022
With little direction from corn, cattle pricing was stable today. Cash cattle trades were even with the tope end of last week but the trade is unsure of how long it will last. The Federal Reserve announced a 0.5% increase in short term interest rates, on the trade expectation. Upside gaps remain on the charts with no news item here to allow us to fill them.
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