Cattle on Feed ahead on Friday. May 15, 2023
Bear spreads were noted for fed cattle futures today. Feeders traded firm. The dominant August feeder contract came within 1.10 of the prior high from 4/28. Today's close was the second best of this long term uptrend. Though December corn closed higher, it did hit new downtrend lows today.
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Allendale Insider
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Will fed cattle futures make it a third week of better trade?
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Debt-limit concerns now have a new opponent, June weather
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Funds near record hog futures lows last Tuesday. Likely at new lows currently.
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