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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 trading 60 cents to $1.10 higher at midday, offsetting Monday losses. Most feeder contracts are up more than $1.20 on the session.Wholesale prices were higher in the morning report with Choice boxes up $1.24 at $258.13, and Select boxes averaging six cents higher. Estimated Monday slaughter was 105K head, 5K less than last Monday, and 9K head less than a year ago. Cash cattle trade is slow to develop this week as per usual. Most sales reported across the country last week were between $158 and $161, and $250-$260 for the dressed.