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Soybeans led the grains yesterday, while corn found itself in a mixed market ending the day on firm ground
Some technical buying in the cattle market brings support to the beef complex to close the week with a rally
Feeder Cattle close the day in the green while Live Cattle having a hard time holding steady.
Commodities across the board sink lower to kick off the week, Live Cattle dn $7 in just 2 weeks
Wheat jumped up to end the week last week, but cattle remained pretty range-bound.
High volatility in the cattle market has given way to a narrow trade range.
Short term bearish fundamentals but long term bullishness seem to be restricting the market movement.
Traders are watching the re-opening closely to see if beef values will hold as processing capabilities catch up.
The cattle markets are trying to reconcile with the spike in boxed beef as plants open back up.
Land & Livestock Report
Lamb Industry Presses for USDA Meat Purchases
Cattle markets continue to make limit moves almost on a daily basis. It was to the downside on Friday.
These limit moves in the cattle markets have a lot of us wondering which way it will go.
Cattle markets looking a little more positive in Wednesday’s trade.
Cattle market feels oversold with emotions running high in the markets last week.
Cattle was mixed on Friday, but Virginia McGathey says the technicals do not look favorable.
Feeder cattle traded nearly limit up for much of the day yesterday.
Markets came back from the holiday break moving in a positive direction overall, especially in cattle.
No big swings in the markets to start this holiday week, but plenty of talk about looking ahead to 2020.
Marketline Report for Tuesday, November 26th.