Live Cattle Feeds are Retesting Yearly Highs

Live Cattle Futures are up in opening sessions as supply worries strengthen prices across the board. Seasons of hazardous weather conditions, pandemic disruptions, and rising production cost due to inflation has caused farmers to sell off supply driving prices upwards. U.S cattle supply is set to be at its lowest in a decade.

We could see yearly highs retested above $174ish levels a supply is projected to stagger with production cost in the upcoming quarters.

Let's see how the 🎲 roll.

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