Morning Thoughts – May 15
Livestock – No major new information to pass along this morning. We’re still digesting the Chinese reopening news. While obviously this is good news for the US industry over the long term, there are still some hurdles to clear in the short term. One major...
Morning Thoughts – May 12
Livestock – A lot of headlines this morning saying China will now allow US beef imports following a trade deal. I once again do want to point out that China reopened their market to US beef officially a few months ago, it’s just that neither side has...
Morning Thoughts – May 10
Livestock – Another wild ride in cattle futures yesterday. After initially pushing sharply higher, cattle futures broke sharply during the session positing a daily reversal on the spot LCM chart. I fielded a lot of questions asking why the reversal yesterday,...