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| I have been nervous about the front months retesting the contract highs on feeders and fats and the reaction at those resistance levels. This morning I am gleaning over some of the posts and bantering back and forth about the cattle prices and supposedly what the bankers think. If the below statements are true about what the bankers are saying then I feel a lot better about the immediate future for cattle prices. It has been my experience (40 plus years) that, in general, the bankers have an EXTREMELY poor track record of cattle price predictions. Now, keep in mind I said "in general", and if you have one that doesn't fit that category by all means hang on to that banker. But I kid you not, if the posters below were telling the truth, it makes me feel good that the bankers aren't just handing out money and telling the borrowers they can't go wrong. I would be interested to know if there ARE bankers doing the opposite. They are normally the best "Opposite Indicators" out there. Absolutely invaluable. | |
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Bankers and cattle prices
