Fats retest the highs. Feeders post new highs. Neutral Cattle on Feed. May 19, 2023

This week would be a win for bulls in the cattle complex. June live cattle futures picked up +1.32 as this week's cash trades were noted at steady. That stopped four weeks of losses. June closed the week with a new high-close for the uptrend. Feeders, with an eye on falling corn, jumped +6.12 this week on the August. It posted a new high and a new high-close for the entire uptrend.

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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.