| richard240 - 1/22/2017 07:48
And they will step out the door even more quietly with cash in hand. Then a few days after that happens will be when the big drop off hits. Last I heard the funds were still adding to their inventory of long cattle contracts. "they" think cattle are undervalued evidently. Some of the reasons are that they might think cattle could be an inflation hedge, cattle are discounted compared to 2 years ago , and we've killed 2 million more cattle in 16 than 15 and the kills are record large at these prices. The yards are more current. Be careful what you think is true. No one knows the future. I think puts even though they are expensive are a wise move at these prices. |