How Much Higher Can Live Cattle Prices Go Here?

April live cattle (LEJ26) futures present a buying opportunity on more price strength. See on the daily bar chart for April live cattle futures that prices are trending higher and Tuesday closed at a nearly four-month high close. Bulls have the firm near-term technical advantage. More News from Barchart Fundamentally, U.S. consumer demand for beef remains strong, while at the same time the U.S. cattle inventory in feedlots is at a 75-year low. That’s a bullish recipe that suggests more price upside for ...