COF confirms five months of placement declines. February 24, 2023
New highs were posted for April live cattle futures in three of the four trading days this week. It ended the week +.72. We're not sure whether we can say this was all positive. Friday's trade, a wide ranging Outside Day that closed only +0.17, was not impressive. March feeders had a better go of it this week at +2.55. Brazil's BSE confirmation, higher cash cattle trades and lower corn was supportive.
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Possible light fund short covering yesterday
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SA maps still look solid for rains in the 10 day
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