Both the live and feeder cattle markets are experiencing unprecedented price levels. Those levels won’t last forever, though, so it’s important to maintain a level of caution when navigating the marketplace. Ross Baldwin, hedging strategist at AgMarket.Net, said he doesn’t expect the rally to end quite yet.
Baldwin said the cattle market is so full of momentum that it will likely be due for a correction.
Baldwin added that the markets will eventually price in the current bullish news, so things might settle back down abruptly.
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