Livestock Roundup

Watch us on RFD-TV, today at 9:45 AM CT! U.S. Cattle Inventory at 92.6 MLN Head, USDA Says U.S. Cattle Inventory Fell 0.2% Y/Y All cattle and calves fell 0.2% from Jan. 2020; survey est. was for a 0.4% decline. Number of cows and heifers that have calved fell to 40.60m head from 40.68m Live Cattle (April) April live cattle futures traded in a wide(r) range on Friday, 2.525. First resistance was tested on Friday from 123.50-123.70, but failed, keeping it intact. A close above this pocket would likely propel us to new contract highs, above 124.50. The cash market has firmed up recently, but we are not sure it was enough to keep futures supported. We are welcoming a pullback to the breakout point from January 22nd, near 120.........Click this link to read the FULL report and receive our daily com