The Market's Fine Print

Uncoupled

Live and feeder cattle futures have uncoupled from physical commodities. (Photo by RoySmith, CC BY 2.0)
Live and feeder cattle futures have uncoupled from physical commodities. (Photo by RoySmith, CC BY 2.0)
The severe uncoupling of live and feeder cattle futures from physical commodities this month can't be tolerated for long if hedging is to remain a critical tool for risk managers in the cattle business.

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