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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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Cattle futures are currently 10 to 20 lower, with feeders 10 to 40 cents lower. Cash cattle trade was down $2-3 late last week after hitting record levels the prior week, with volume at $160-162 in the south and $248-250 in the north. Asking prices appear to be in the $164-165 area. Wholesale beef prices were lower on the day with Choice boxes averaging 91 cents lower while Select 600-900 pound carcasses were $1.26 lower.Estimated Monday slaughter was 115K head on par with last Monday, and 4K head short of the same day a year ago.