Don't really understand what Your trying to say.
On cattle were headed to $142 fat Now.
I don't consider cattle as somewhat bullish till the $162 fat live level.
Sooo , it matters how packers greed up their process margin.
$600cwt boxed and $150 cwt live fats? Why not? Business America IS that stupid, greedy, and Crooked now
They'll blame it on covid again. MO.
Your original post sounded bearish to me. Maybe I misinterpreted it.
So, your thinking cattle will go higher, but maybe not high enough to cover the cost of raising/feeding them?