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Contributor

Cash Trade 90-91 already this week

Yesterday KS reported some 90

 

Today we are hearing some 91 in both KS and TX

 

 

 

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3 Replies
Senior Contributor

Re: Cash Trade 90-91 already this week

there are not enogh animals coming to mkt,

effect of disasteriopus conditions 6 mo ago.

 

LC +160 today and going places.

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Contributor

Re: Cash Trade 90-91 already this week

End of the month, end of the quarter and the funds are trying to dress up their position.  Not sure why anybody wants to buy risk assets right now.  Everything is going to get creamed when the equity markets start the next big leg down.  A close below 1040 in the S&P will be the spark.

 

Going to be alot of fat cattle around by September.  Best hope for cash is in the meantime when supplies are still tight.  But the equity markets and direction of economy will trump all.  Hamburger is well over $4/lb.

 

Feeder cattle way too high to pencil a break even.  The idea of really cheap corn (compared to the last several years) kept the hope of profitability alive.  Today's USDA report may have killed that.

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Senior Contributor

Re: Cash Trade 90-91 already this week

stks look like death.

 

what will; be interesting is which commodities stand out and nudge up,

vs stks.

 

I think that will be a message.

 

Thx

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