Livestock Roundup | 12.07.21

Live Cattle (February)

February live cattle were weaker on the open but rallied back to erase the losses we saw during Friday’s session. Over the last two weeks we’ve been talking about wanting to see a stairstep higher, which is often more sustainable than a moonshot. So, this consolidation phase we’ve seen over the last week hasn’t been “positive” but it may be constructive for longer term strength. We remain upbeat on prices but are concerned with the overall price action that we saw through last week’s trade. A break and close below support from .....Click here to get our (FULL) daily reports emailed to you!