garvo - 5/4/2021 07:32 Box beef trade-choice up-$299.30-live cattle down with a top cash trade in Iowa at $119 delivered-was a special group of fat heifers using the special math of a a 1400# live animal that dress at 63.5% is swinging a 890# carcass worth $2663 and then add in the drop by product value of $170 would give the packer a gross of $2833 while paying $1666 or a margin of $1167 shorts In June cattle-maybe time to have that Gameboy to help-you can buy 500 contracts on June wonder what are code word should be-that $5 plus basis is biting us would 500 guys want to join Gameboy plan-we could buy 500 June cattle and rally this damn thing-be about $5000 a person to jump in-set are loss
Gary I'm not very smart but I think there would be some loss getting that hanging carcass into a box. So prob not fair to figure hanging wt x box price to calculate margin. |