Commodities
Cattle Markets Volatile Ahead of Election, Soybean Oil Faces Supply Crunch
The recent market trends in Livestock and Grain have been volatile, with Cattle Markets fluctuating around the $315.00 level in October'26 Feeder Cattle.
According to a trader's analysis, the Cattle Markets need to break below $306.00 before a real bottom can be found, which could lead to higher prices after the election on November 3rd.
The Soybean Oil market has been Bullish, and with a supply and demand problem anticipated in the fourth quarter, prices may drop further.