CPI data neutral. Beef buyers monitor consumer demand closely. March 14, 2023

Fed cattle managed a mild rebound today. It was enough to fill the daily chart gap for the June but not the April. A recent change in the news flow has the trade discussing a top for cash cattle for the first half of the year. Monthly inflation data this morning was as expected. Feeders were pressured with a little support showing for corn.

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Allendale, Inc.
4506 Prime Parkway McHenry, IL 60050

1.800.2MARKET | 1.800.551.4626
Local: 815.578.6150 | Fax: 815.363.5511

service@allendale-inc.com

©2019 Allendale, Inc.
This communication is intended as a solicitation for business in the U.S. Please see our full disclaimer.
Site designed and developed by Turnkey Digital.