Events on the grains markets appear to be communicating the potential for counter-seasonal opportunities in feeder cattle markets. There is the potential for price strength into the fall.
Grain markets spent the first five months of this year rallying to impressive highs: $7.50/bu harvest corn, $15/bu harvest soybeans, and $12-$13/bu harvest wheat.
Concerns about current supplies, strong international and/or domestic demand, political concerns over…
