It has been a warm winter so far for so much of the U.S. and Canada as the polar vortex has been on the other side of the world. But those of us in North America will see it spend some time here for mid-January.
The bearish surprise from last week s USDA Cattle on Feed report hit cattle prices hard to begin this week. While there will continue to be uncertainty and volatility, analysts still see fundamentally the cattle market being in a bullish situation.
Rising temperatures in the U.S., recent rainfall in Argentina, and some breaks in rain for parts of Brazil are the weather factors driving the markets Wednesday.