Markets

Morning Cattle Market Report 10/26

While consumer sentiment has seen solid gains in recent months and economic news has clearly come in better than expected, the fears that consumer sentiment (and consumer demand for beef) could take another hit ahead of the fiscal cliff was one of the key negative forces to knock down cattle futures this week. The break in futures was a bit of a surprise given a surge in beef prices to the highest level since October of 2003 and just shy of record highs. However, traders see consumer resistance to higher beef.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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