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Cattle closer lower after opening limit lower, but trading higher at midday on Brazillian beef tariff news | Channel Final Bell with Shawn Hackett
Published 6 months, 1 week ago
Description
Cattle futures opened limit lower on news of the president removing tariffs on Brazillian beef. At the midday, futures traded higher but closed lower. Grains were quiet in Friday trade. Shawn Hackett of Hackett Financial Advisors recaps the trade.
Topics:
- January USDA data dump
- South American weather
- Increased demand for natural gas this winter
- Was tariff news already priced in?