Commodity Blog |
| Cattle at Crossroads After Bullish Week Posted: 22 Mar 2013 12:45 PM PDT Even though the week is ending with a growth for live cattle futures, the commodity remains inside a strong bearish wave. Declining inventories reported by USDA point at a possible unfolding of a bullish tendency, but demand is expected to continue falling. The National Agricultural Statistics Service of the United States Department of Agriculture has released its monthly Cattle on Feed report for March, showing the third monthly decline of inventories in a row. According to this [...] |
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