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Cattle Bounce Back
Cattle bounce back, with Live Cattle topping the 50 day moving average.
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Market Recap
Markets were closed yesterday due to Presidents Day, so let’s take a look at Friday’s recap with Virginia McGathey of the CME Group.
McGathey “ .”
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Weaker Dollar and Strong Corn Market
Corn picking up a little ground, shooting for the $5.50 mark as Live Cattle continue to struggle with higher feed costs
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China Buys In Big
China comes in big with the 2nd largest buy ever in the corn market as prices find another new high to close the week.