Money flow was the main culprit for the steep decline in the cattle markets this week, David Williams, vice president of client advisory and development for Informa IEG, told Feedstuffs.
October live cattle futures fell from $111.125/cwt. on Monday to $106.60/cwt. by Thursday’s close. September feeder cattle futures plunged from $147.10/cwt to $141.30/cwt.
“The futures market is leading the cash market. This doesn’t happen all the time, but it does happen. Pe
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