Cattle Market Resilience Amid Grains Decline
Monday, 26 August 2024, 07:44
Cattle Market Resilience
Cattle start strong this week, supported by favorable market conditions. Even with a slightly bearish Cattle on Feed (COF) report affecting sentiment, cattle prices hold steady.
Grains Struggle with Contract Lows
In contrast, grains are facing a downturn, with corn making new contract lows.
- Lean Hog Futures: Consolidating after a significant chart breakout.
- Corn Market: Lower yields contribute to market pressure, despite record highs.
- Cattle Prices: Remain resilient as grain prices fluctuate.
Overall, the cattle market showcases a positive outlook, while grains struggle with key challenges. For further insights into these trends, visit our source for more details.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.