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Cattle
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GOMSK
Posted 12/15/2015 10:45 (#4961268)
Subject: Cattle


I'm kind of changing my tune in cattle a bit, I think we go higher for a little bit.

Performance of cattle as of late has declined substantially while pen conditions are terrible at best. This should help the packers needs to purchase more head or make us more current, probably the later. Basis should improve while I'm not totally sure about price, just think we have had enough down for a little. Really interesting that Feb is 10 bucks higher than the last cash trade so there is already premium built into the market so how much we can go up is really what bothers me. Feeling kind of lost right now myself so not to interested in price. Just looking for others thoughts.

In the back of my mind I'm thinking like corn, after the first of the year we pump up imports and that's going to cap price or help fill the void Apr has to Jun right now, but probably wrong. Shoot some holes in me, I need some ideas...
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