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Friday, March 24, 2006

Cattle Traders Await Today's Cattle On Feed Report

Cattle traders await today's Cattle on Feed report: Live Cattle futures have been mired in a 2-month long slump, as competition from cheap pork and poultry prices, and a continued ban of US exports to Japan and South Korea have kept market bears in control. The last week has seen prices start to stabilize, with speculators booking profits ahead of today's Cattle on Feed report to be released at 2 pm Chicago time. Cattle on feed as of March 1st are expected to come in around 107.0, with Cattle place in February at 102.5, and marketed in February at 98.0. Read More....