DTN Livestock Open: Markets Seem Bearishly Optimistic

    ©Debra L Ferguson Stock Photography

    Cattle futures are not expected to show much upside potential prior to the Cattle on Feed report. Even if some numbers would be friendly to the market, the overriding influence will be increasing grain prices due to an uncertain growing season. Packers remain aggressive and fearful of tightening supplies, but prices cannot move higher indefinitely without impacting demand.

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