It was a wild and crazy run for the cattle markets this week, and the weekend could be the breather that funds and feedyards need. June live cattle finished the week up 3.45 percent, even with the severe limit down drop on Friday. In the last three months June cattle are up 21.44 percent, which has helped many balance sheets across North America.
There’s a lot to discuss and breakdown in this week’s Beef Market Update with Anne Wasko, of Gateway Livestock Exchange. In the past couple episodes Anne has discussed the strong demand, tight supplies, and lower carcass weights and that has us to a spring and summer of increased futures and cash prices. As Anne says in this week’s episode, “sometimes when things look like they could go good, they go better.”