email:  
 
 
  
 

Thursday, April 13, 2006

Cattle Correction?

Cattle correction? Live Cattle futures have been in the midst of a 3-month long downtrend. With prices being weighted down by competition from lower pork and poultry prices. The last few sessions have seen some buying come back into the market, with speculative short-covering and buy-stops being triggered in the June contract. Cash prices have recently firmed up with sales in Texas and Kansas bringing $83 to $83.50 last week. Read More....