Cattle Markets Show some Positive Trends

Cattle markets show some positive trends

“December hogs sold off sharply this morning but bounced back, closing higher on the day,” The Hightower Report said. “Stock market weakness this morning initially put prices under some pressure along with increased tariffs on Canada.”

At some point cattle prices will change direction

I’m amazed that sometimes cattlemen lose track of reality. I have had several say to me that perhaps cattle prices will not go down again. That is not a good frame of mind to be in. Don’t get me wrong, it looks like the cattle market should stay good for a while, but there are lots of factors out there. Lower grain prices have made higher feeders. On several of these feeders going into the feedlot the interest on the cattle is either side of $10…