September 16, 2014

Cattle Commentary

Posted 09/15/14

We may not get a lot of new fundamental news to trade on this week. Bears will note that kill levels will be near last week’s good sized 592,000 head effort. Packers margins are negative. Showlists increased due to cattle feeders resisting lower prices last week. Wholesale beef prices ended on a downbeat on Friday. Bulls will suggest that slightly lower production is typically seen over the next one to three months from now. A bigger issue from their perspective is the fact that futures already have a discount plugged in…

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    Allendale Advisory Contributor:

    Rich Nelson

    Rich Nelson

    Rich started with Allendale in 1997 after graduating from Western Illinois University with a degree in Economics. Rich represents Allendale’s advisory products through print, radio and television apperances.

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