The amazing historic highs in feeder cattle is breath-taking. Realize supplies are exceptionally tight, but is the cost of replacment cattle now simply too high? Breakevens are soaring and with it barley bids are flying.
The market feels bulletproof. (IMO), a sign it isn't. U.S. fed supplies are likely to increase in June. Interesting cash market dynamiocs atraight ahead. (IMO).
The market feels bulletproof. (IMO), a sign it isn't. U.S. fed supplies are likely to increase in June. Interesting cash market dynamiocs atraight ahead. (IMO).