Be Cautious With Cattle Markets

An article on DTN/Progressive Farmer

Ahead of the big Fourth of July celebration, the attitude throughout the cattle complex shifted. Both the live and feeder cattle futures began to trade lower, fed cash cattle prices traded lower, and feeder cattle prices did as well. Which now leaves everyone asking: What does this mean? What is the market trying to tell us?

While it may be normal to panic and wonder if the top is in for the cycle, market participants don't seem to be having a full-fledged meltdown; although the market traded lower through last week.For the full article click here