Last Friday marked the third day in a row of higher feeder cattle futures, something we have not seen for a while. The Cattle on Feed report was released following the closing of the futures board. I had high hopes that maybe we were going to see a bullish report with the way cattle futures had been moving for three days, but instead we saw a slightly bearish report. Cattle on feed as of August 1 came in at 100.3 percent, with the average guess being 100.1 percent and a range of 99.8-100.5 percent, so that was right at what...

Article Link