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Senior Contributor
pritchh
Posts: 495
Registered: ‎10-18-2010
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cattle futures from here, brainstorming,

May to recent highs saw 142 to 155 in FCQ futures, ok but not dynamite vs the seasonal. LC Q is 121 up from 118 low but really dull.2012 high prices might have done some damage to demand, a guessand a theme , gradually “eat” healthy” is working it way into composite diets.

 

From here, futures, my thesis is RED ink in feedlots will take its toll. Excess feedlot capacity has helped keep placements from dropping much more. (what banks back those things!)  Have not checked weights lately but they were coming down fast, feedlots feeling the pain and marketing early.  Net, net  I think a bull arises out of this, small were #s to meet still significant demand.

 

Bigger cattle cycle, secular picture, I need to review, others with views to share?

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