Friday, September 18, 2020 2:07PM CDT
Marketing cattle isn't as easy as it once was and showing your accountant a green summary come tax season isn't as likely as it once was, but just because it isn't as easy doesn't mean it's not doable. Like we've discussed before, you still have your cattle, which means you still have your asset -- you just have to give that asset the right arena to perform for you.
December corn is down 2 1/4 cents per bushel, November soybeans are down 5 1/4 cents, and December KC wheat is down 3 1/2 cents.
The bounce in cash cattle trade is creating additional expectations for additional support through the end of September. This is likely to focus on trader's positioning for further cash price gains later in the week.