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Cattle market
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GOMSK
Posted 2/1/2019 15:21 (#7290592)
Subject: Cattle market


The kill has lowered to 593 this week...vs 610 last week, what gives? At this rate there is no great incentive for the packer to have to pay up. 198 cash in E Nebraska right now.

But again I’ll state, this is a futures market, and it’s feeling like we’re at the top. Cash could creep higher, but if I were long futures up here, I wouldn’t want to be. And which months do you think most producers are long, and which one they are short? Going to be an interesting couple weeks.



Edited by GOMSK 2/1/2019 15:23
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