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Shootin' The Bull
"Shootin' The Bull" is a daily futures and commodity market commentary, written by Chris Swift, commodities broker and founder of Swift Trading Company in Nashville, Tennessee.
With over 30 years of experience in the commodity futures industry, Chris's technical and fundamental analysis is provided for his clients and readers in an attempt to make a more informed trading decision.
The Mid-Day Cattle Comment is a market commentary written during trading hours, providing subscribers with pertinent, real time information to help readers make a more informed trading decision.
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“Shootin’ The Bull”
by Christopher B Swift
3/20/2026
Live Cattle:
In my opinion, the ability of cattle futures to perform as they did this week, in the wake of mounting inflationary pressures on businesses and consumers alike, was significant. As evident in the sale barns, cattlemen appear to be disregarding any aspect of beef demand or the supply of by continually placing themselves into a wider negative profit margin. All of the above leading to, cattle prices "have" to go up, and really high to return current input costs. The only question is, what if they don't? Staying within the current price range won't return inputs. Moving lower in price will cause significant losses. Under these circumstances, the only way out appears to be as optimistic and bullish as you can possibly be, and make sure you have an offsetting derivative incase the price doesn't go up. Whether prices move higher or lower, I don't think you've seen anything yet.
The influence of energy prices has impacted all commodity and financial markets. Interest rates have soared and equities starting a fledgling bear market. Due to only a few being in control, if control is the right word, of the current events, there is no telling whether this is nearing an end, or again, you haven't seen anything yet. As we go into the weekend, I lean more towards the; you haven't seen anything yet. Grains are anticipated to remain firm, simply due to the influence of energy, with grains and oilseeds a component of energy. I know this is short and not very informative. The reason being is simple. I don't know what will happen, but I know what can happen and that leads to a straight forward analysis of keep a good scotch under your wheels while pushing a heavy load up hill.
Feeder Cattle:
Corn:
Energy:
Bonds:
“This is intended to be or is in the nature of a solicitation.” Futures trading is not for everyone. The risk of loss in trading futures can be substantial; therefore, carefully consider whether such trading is suitable for you in light of your financial condition. Past performance is not indicative of future results, and there is no assurance that your trading experience will be similar to the past performance.
