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Jim Prince, 25-year commodity market veteran, just posted a 3+ minute video about a recent move in the commodity markets. Watch it now, and he'll send you a free companion PDF and an email reminder every time he posts a new Daily Alert video.
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Live cattle futures are trading $.25 to $1.00 higher at midday, led by the front two contracts. Wholesale beef prices are a little lower this morning, with USDA showing the Choice boxed beef average down 24 cents at $250.43 per cwt. The Select quote is down 34 cents at $246.62. Feedlots are asking $165-166 or more for live sales this week and $265 or higher for carcass based. A few bids have been reported at $162 this morning in the South and $259-260 in the North.