Live Cattle and Feeder Cattle Market Watch

More headlines showing up, wondering if these Iranian rumors and elsewhere headlines across the world setting a commodity trap, especially in the live cattle and feeder cattle trade. We take a look at where the live cattle and feeder cattle futures might find some solid support.

Big declines here late week and early week, trying to stabilize August live cattle rolling from June to August, by the way, looking at that 240 level, if not, then 236 back from April 23rd would be next. August feeder cattle, much the same scenario there, 354, 355, if not holding, then that low from mid-April around the 350 level would be next.

Audio Reporting by Mark Oppold for Southeast AgNet.