The cattle market remains in lofty territory. Heartland Investor Services Commodity Trading Advisor Gene Graner is cautious at these levels. “We’re probably seeing a ceiling on what the consumers are willing to pay,” said Graner. “We’re already seeing Walmart struggle moving meat.” Cattle supplies are tight, but the consumers have to be willing to pay for beef. “Remember, supply plus demand equals price and $350 on this choice box beef choice seems to be quite a threshold up here.”
