Shootin' The Bull about Heavy Livestock Markets and Higher Energy

In my opinion, what has been expected is believed to have begun.  That is, the realization of poor feeding margins, and now, seemingly a softening of the beef market, causing cattle prices to decline. Boxes around $366.00 ending this week suggest another $41.00 lower to reach the $325.00 support level.  From mid '23 to early '25, the $325.00 area was resistance until broken through in mid '25.Grain elevator by Robert D Brozek via Shutterstock