Fat Tuesday with Mike Sands | How Low Can Cattle GO?
Futures Trading involves risk of loss and is not suitable for everyone. Past profits are not necessarily indicative of future results/profits.
The market didn’t just wobble today, it lurched. We jump right into the live cattle and feeder cattle futures break, then unpack what’s actually driving the pressure: a softer cash tone, an extremely strong basis, beef prices drifting lower with the season, and packer margins stuck deep in the red. When you pile on a large front-end supply of fed cattle and record heavy carcass weights, the “why” behind the volatility starts to come into focus fast…
The skinny
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