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| I was in shock at the 212. The $214, eh, isn't much better. But I don't know that futures will move one way or the other from this. It was obviously expecting higher all week. Forward looking will it be higher next week? Possible I guess, I think apr has out run jun today and that reversing at the end of day is result of some rolling from apr to jun. Not sure. Still think to be a true supply driven rally cash needs to lead us higher. As in Monday or Tuesday the packers need to come out bidding for cattle and the futures react. The futures have led this rally with the reluctance of packers really needing to procure cattle at the beginning of a week. If that happens, I'll change my tone to more positive, and then it will crash...until then I remain very cautious. The futures are telling us a drop is coming.
Edited by GOMSK 2/26/2016 18:25
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Cash cattle
