date:May 04, 2012
ocused on whether the southern Plains gets hit with a repeat inclement weather occurrence. As of this writing, close to 70% of Texas, the largest cattle-producing state, remained in severe drought or worse, according to federal statistics.
If the cattle down there have to endure another summer like they did last year, that would become the major market driver. But the gasoline prices still weigh heavily on price potential.
Price calls
After hitting $128.92 per hundredweight on February 22