Beef futures rallied to 189.20 as feed costs, mainly corn, eased 3%, improving cattle finishing margins. This inter-commodity relationship is driving optimism among futures traders watching both grain and protein complex trends. Precious metals significantly outperformed other commodities and commodity sectors for the month ending on Tuesday, September 30, in a month where the dollar index and bond futures were steady. Technical patterns in beef futures show a bullish flag forming on daily charts, with prices at 188. Analysts say if packers maintain pace, we could see a retest of March highs near 193.25 before the end of Q
