Bottom line, livestock analysts keeping an eye on cattle futures early week, finding support from the recent lows. October live cattle at two and a half week highs and they have their sights set on levels above 221-222, highs that would be from early in August. Breaking the heat back in the plains is certainly helpful, although the heat remains in the southern plains and in Texas.
Show lists are down from last week, especially Nebraska, Colorado. In addition, further liquidating a lot of long speculators last week, managed money longs are near two-year lows. This is the bottom-line report.
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Audio Reporting by Mark Oppold for Southeast AgNet.