The US president said he would lower beef prices, with the USDA obliging by reporting lower prices.
-
Fundamentally, neither the live cattle nor feeder cattle markets have changed, though cash indexes have stalled near recent all-time highs.
Don’t Miss a Day: From crude oil to coffee, sign up free for Barchart’s best-in-class commodity analysis. Long-term investment money could look to roll out of cattle, after a profitable ride over the past five years or so, into other markets showing potential.
By definition, a conundrum is a difficult and complicated problem, one admitting of no satisfactory solution. It is also defined as a riddle in which a fanciful question is answered by a pun. Whenever the subject comes up, I’m reminded of Winston Churchill’s famous quote describing Russia as “a riddle, wrapped in a mystery, inside an enigma”. In other words, Churchill viewed an alliance with Russia as a conundrum, but for now, though, let’s focus on the complicated problem that is the cattle markets.
