Cattle market finishes marginally higher despite heavy selloff in U.S. stock market

Cattle market finishes marginally higher despite heavy selloff in U.S. stock market

The Hightower Report said, “The cattle market pulled back from early session strength but finished marginally higher despite a heavy selloff in the U.S. stock market and most all commodity markets. Screwworm continues to dominate the trade but yesterday’s massive…

The Potential Impact of NWS in the Cattle Market

Now that the New World Screwworm has officially crossed the U.S. border with Mexico, how will the cattle markets react? Arlan Suderman, the chief commodities economist for StoneX, said the markets have been anticipating this would happen at some point. “We’ve been seeing some weakness in this market the last few days on the market fearing the possibility, not knowing how the funds that held big, long positions would react to that. I think there’…