July 23, 2014

Cattle Commentary

Posted 7/22/14

This week’s cash cattle trade has the chance to push to brand new record highs again. It is unheard-of to have this discussion in the middle of summer, traditionally the lowest price of the year. Monday’s showlist numbers, implying a 25,000 head decrease in available cattle for packers, set the stage for this week’s strength. August futures settled at limit up (+3.00). That settlement was just 52 cents off the highs posted on the 7th. Both October and December cattle pushed to new contract highs. This market has decided there…

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    MiddayWeather-Vane

    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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