People are also reading…
Austin Schroeder at Barchart.com said, “Live cattle futures fell back 57 cents to $1.22 on the Thursday session. Preliminary open interest suggested some long liquidation, down 2,295 contracts. The Thursday morning Fed Cattle Exchange showed no sales on the 2,552 head listed, with a few bids of $230-231.50. Outside of that, there has been some light cash trade at $230 in the North, down $2-5 from last week. Dressed trade was reported at $360.” The Hightower Report said, “Perhaps news that the first vaccine has been approved to treat and prevent screwworm in cattle has convinced some that the border could reopen soon rather than later, in addition to worries over government intervention in the beef market and the ongoing government shutdown.”





