Cattle markets coming off volatile week

“A very volatile trade last week in live cattle and feeders with sharply higher prices in the first half of the week and a major selloff in the second half,” the Hightower Report said. “All-time high prices typically stimulate significant volatility, and traders need deep pockets to trade the cattle market right now.”

“December hogs were choppy most of last week but did close in the upper end of the range, partly due to a sharp selloff in the U.S. dollar Friday and the 90-day tariff extension granted to Mexico,” the Hightower Report said. “The dollar is lower again this morning, which may offer a slight boost to today’s opening.”