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Barchart
Barchart
Jim Wyckoff

Cattle Collapsed on Screwworm Fears, but Fundamentals Are Bullish. Was Friday’s Trade an Overreaction?

USDA Sid Miller Texas Mexico United States Barchart NWS

February live cattle (LEG26) futures fell $3.90 to $232.15 last Friday, hit a nearly three-week low, and for the week fell $1.575. March feeder cattle futures Friday (GFH26) lost $8.10 to $356.45 and on the week were up $1.75. Both markets were posting modest corrective bounces in morning trading on Tuesday.

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