date:May 04, 2012
of this year, June cattle futures prices could test the $116- to $117-per-hundredweight level in the summer months, Penner says.
I see the market bouncing back to $123, depending upon weather and gasoline prices, he says.
On the low end (an ideal weather summer combined with cheaper gasoline prices and an improved economy), the June futures cattle contract could have a hard time rebounding to $120 per hundredweight, Penner says.
Because the futures and cash cattle markets have been maintai