Cattle Market Swings Expected to Continue
Lorrie Boyer
Reporter
"Outside money is a big part of these markets. You know, we need fun length to create opportunities to lay off risk when the funds take their money and go home if you just like last fall, when we went through that tremendous correction in the markets, we went through major liquidation of of outside money participation. We saw some of it come back and in winter, then with the avian influenza news it all left again we had another major flush down in here from March 20 to April 15. And now these markets look like they're stabilizing and getting some footing and starting to see these cash markets heal up it was unfortunate with the news with avian influenza with the new with the with the impact that had psychologically these markets would have would have had a pretty nice run earlier. We're fine we're getting to go on now but really delayed the spring rally.”
Blach says the highs are being retested with some spring beef demand, which includes Big Beef holidays. Add to that a one-and-a-half million had reduction in the number of cattle to be harvested. As for heifer numbers, he says the industry is in a stability phase.
