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Buxton ND | There's a time to be bullish, before you same old same old please read my posts about mid Oct on the JD low of 96.10 with the JD gap @ 97.70 I was quite vocal with those. I used this low to work on MY BULLSIDE, been working on my bull side quite hard since 2014
There's a time to be bearish. I used cows to corn again a few today ago. And yes I am short LEG @ 116.80 and 119.55 with an ave of 118.52 putting my money where my opinion is. Right now I'm short chew pocket and short chew in the freezer = need to run to town.
Cold storage report was bearish, your beef is having troubles moving.
COF Friday was bearish and Mr. market traded if bearish.
Today's report I'd call a tad bearish with the spec very long YOUR cows.
Could just as well toss out my "We're Leaving"
The next step is we're really going to see how current the lots are and how compete those show lists have been.
Cheap corn/rallying cash may just have been too temptinggggggggggggg
Right now I'm short chew in pocket and short chew in the freezer = need to run to town.
As far as not seeing Sat's post on Sunday I'm going to fix that part. | |
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USDA Cattle Inventory Up 2 Percent
