Cattle prices continue to fall, with some sessions opening locked limit lower. StoneX Economist Donna Hughes says key supports are beginning to fracture as funds exit positions.
Herd size is a major factor shaping the market. The latest Cattle on Feed report shows inventories are down 2% from last November. Placements plunged 10% in October, hitting the lowest level since the report began in 1996. Analysts say any herd rebuilding could take at least two years to show results.