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Tama IA fats
In the $114 to $115cwt range Wed. Aug 28th.
Looks like things are definitely spinning around And the deal looks to be gaining some traction so to speak.
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Re: Tama IA fats
I'm reading Choice strs. & hfrs. $108 - $114.75 - 328 head
Select - Choice 166 head, $ $105 - $107.75
Bulls $77 - $95
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Re: Tama IA fats
Realistically $1.05 - $1.07 buys a majority of the offerings - - -
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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.
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Re: Tama IA fats
I did notice, the grocery had $15 - T - Bones, $3.95 85 - 15 burger, - - -