Re: Tama IA fats
Why does cattle never participate in the tariff pity party? Or recession doom porn? $98 cattle on the board and $110 in the auction ring...what the what? Even a Tyson fire doesn`t stoke a crash (the corn market knows crashes and Tyson was a rumble strip). Talk about Unsinkable Molly Brown!
Fats were $165 all time high, $105 is a solid floor or off about 1/3rd . If corn was off only 1/3rd we`d have $4.50 corn. Oops now $95 cattle on board, but big whoop, the buyers will still pay $110...ho hum.