A DTN/Progressive Farmer article
What a week, what a week, what a week it was last week for the entire cattle complex. Both the live cattle and feeder cattle contracts rallied throughout the week, hoping and believing that the week's fed cash cattle market would trade higher. Lo and behold, when Friday rolled around, fed cash cattle prices traded higher.
Luckily, through Monday's trade, both the live cattle and feeder cattle markets were able to keep most of their contracts higher. But with the monthly Cattle on Feed report set to be released this Friday, Oct. 23, the next question becomes: Will the market be able to keep the bullish momentum alive this week?
And while I'm the first to openly say that the Cattle on Feed report typically has a bearish effect on the market leading up to its release, as traders brace themselves for whatever may be revealed in the report. However, I personally believe that there's a good chance that the market is able to keep a strong trendline through this upcoming week.For the full article click here