The calendar has flipped into August and cattle producers are looking forward to the fall yearling and feeder run
by Shaun Haney – Real Ag Radio
During the past week, live cattle struggled to gain momentum but ended up fairing better than lean hogs in the face of heavy selling of pork futures. There is a lot of pressure on hogs due to supply issues and an export market that has not bailed out the industry yet.
“Many traders are watching the price of corn and wondering whether the long anticipated weather market will arrive — which will impact the feeder price into the future”
For cattle, Anne Wasko of the Gateway Livestock Exchange says the story is about the stronger cash market, as August cash cattle kept the futures’ market attention, trading at $108 this week.
read entire post via @cdnmeatbusiness here: http://www.meatbusiness.ca/2019/08/06/beef-market-update-where-cash-is-king/