Cold weather seen as bullish for cattle market, analyst says
Wintry weather, China concerns support new highs in the hog market. By 2/3/2021 The cattle market continues to see a strong demand tone, with beef prices pushing to their highest level since early December. Talk of better export demand, the surge higher in pork prices, and the impact of restaurants reopening are all seen as supportive forces. With the heavy cattle weights, short-term supplies seem ample, but the continued advance in beef prices is a bullish force. Total s...
Source: agriculture.com