Livestock Roundup

Live Cattle

August live cattle responded to Friday’s Cattle on Feed report well, in yesterday’s session. We were encouraged to see the strength hold through the session, as opposed to strong open that fizzled away all day; something we have seen a lot of recently. Some states are laying the groundwork to reopen in May, including things like restaurants. Though the talk is it will start with 25% capacity restrictions, this is a step in the right direction.