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Video: Looking for Another Leg Down in Cattle Futures

by Archer Financial Services | Sep 04, 2019

by Dennis Smith
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Looking for Another Leg Down in Cattle Futures

   
·         Cash steer market expected to remain under pressure

·         Cattle traded at $1.00 Monday in KS compared to $1.03 LW

·         Show list numbers are rising 

·         Cattle are being backed up each week

·         No timetable on when the Tyson plant will re-open

·         All leverage resides with the packer

  

For a free 30-day trial to the evening livestock wire please send an email to: dennis.smith@archerfinancials.com  

The risk of loss in trading futures and options on futures can be substantial. The author does not guarantee the accuracy of the above information, although it is believed that the sources are reliable and the information accurate. The author assumes no liability or responsibility for direct or indirect, special, consequential or incidental damages or for any other damages relating or arising out of any action taken as a result of any information or advice contained in this commentary. The author disclaims any express or implied liability or responsibility for any action taken, which is solely at the liability and responsibility of the user. In addition, the author of this piece currently trades for his own account and may have financial interest in the following derivative products: (corn, soybeans, soybean meal, soybean oil, lean hogs, live cattle, feeder cattle).

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