GOMSK - 11/24/2015 08:35 Just heard that feedlots are struggling to get a bid on fat cattle, packer is telling them coolers are full and they aren't able to move the meat.
http://www.ellinghuysen.com/news/articles/179079.shtml
I need to find some taller boots to hang around here.
In this file: · … cash market outlook for December looks promising… · Packers short bought · U.S. Cattle Futures Narrowly Lower on Profit-Taking; Hogs Slip … cash market outlook for December looks promising… Farm Commodity Newsletter/Iowa Farmer Today Tue 11/24/2015 9:19 AM Live cattle - Lower cash prices could slow a rally in cattle futures, The Hightower Report said. “With cash cattle near $125, the December futures at 132.17 and February at 134.20 look a little rich.” But analysts there said cash market outlook for December looks promising. In general, fed cattle offering looks smaller this week, DTN said. Frozen beef supply has increased as of the end of October, up 34.3 percent from a year ago, Analyst John Harrington said. Livestock markets respond to holiday schedule Some live cattle trade may begin to develop today with the Thanksgiving holiday ahead, but DTN said most action will likely wait until tomorrow. Buying interest after yesterday’s gains and retailer support are expected to help futures prices this morning.
Edited by JDPlowboy 11/24/2015 11:50
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Dec Live Cattle??
