The Dow Cattle spread
Has been to wide, to long.
Either the Dow will drop say 11000 points or fat cattle will move up $110.00cwt..
I figure the latter not the former.
Thus we could easy have some $45cwt higher fat cattle ( say $174cwt )and some $60 to $90 cwt higher feeders by mid June.
I doubt the China panick. will take grains down towards LDP rates ( $2 on corn etc ). Its not to tough to see that uncle will bail the grain folks, lf grain does drop to LDP rates.
Re: The Dow Cattle spread
Interesting concept, although we have witnessed $7.oo corn syndrome - could have the same result , IN DEMAND RETRACTION ---
Poultry & Pork retail pricing are going to be our on going RED HERRING$ ---