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Jim Prince, 25-year commodity market veteran, just posted a 3+ minute video about a recent move in the commodity markets. Watch it now, and he'll send you a free companion PDF and an email reminder every time he posts a new Daily Alert video.
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Live cattle futures are trading 40 cents to $1.05 lower this morning. Feeder cattle are down from 65 cents to $1.15 at the Monday midday. Cash cattle prices were up around $2.00 last week, as packers paid $240-242 in NE and $153-153.50 in the south ahead of the holiday. Wholesale prices are both lower again this morning, with the choice/select spread widening a bit to $2.70. Choice boxes are down $2.16 to $247.96, while select boxes have dropped sharper, down $2.79 to $245.26.