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Cattle Futures Decline

 

Source: VantagePoint Intermarket Analysis Software

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• The market decreased by  5.07 cents.

• 5.07 cents = 2,535 USD per contract (About 13 trading days)

• When the blue line (forecast) crossed below the black line (actual), VantagePoint predicted the market to trend down. The Neural Index at 0.00 also indicated an expected down trend.

• The U.S. cattle and beef industry are considered big business – estimated at $71 billion in 2006.

• Prices are influenced by factors that affect both the feed grain and feed cattle prices.