Cattle markets took a hit today — both live and feeder contracts locked limit down after word broke of a major meatpacking plant closing. The disruption is expected to tighten processing capacity and increase pressure on cash trade in the weeks ahead.
Traders say this closure raises questions about supply flows, packing margins, and near-term price risk for producers and processors alike. Grain saw a quieter trade day but still had news of Chinese buys.
Ross Baldwin with AgMarket.Net shares the Monday Market Wrap Up…
