Posted 8/23/2017 19:53 (#6206272) Subject: Meltdown in cash Fat Cattle
Tyson buying cattle in Iowa at 168 dressed this afternoon. That is down $17 in the meat in 2 weeks. Equals $105 live. Futures will be down hard tomorrow
We haven't hit our peak numbers yet. Sep and Oct are going to push the hell out of practical kill capacity.
I will begin to reduce short LC and FC positions when cash Fats get below $100 or the second week of October, which ever comes first
Meltdown in cash Fat Cattle
