Waiting: Cattle market tops, volatile futures, northern auction runs and summer beef demand

While cattle and beef traders wait for this week’s negotiated fed cattle trade to begin, conversation is mostly focused on whether a top is in, imminent- or no. There’s plenty of discussion about this week’s big northern fat cattle auction runs ahead of extreme heat on way in the north and that this supply influx has taken the edge off some northern plant needs. Cassie Fish with The Beef talks margins, supply, demand and cash cattle prices. Read more…