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New Mexico | we're putting that ON tradit fat cattle.
Say $15 cwt higher tradit cash fats over the next 6 weeks to 60 days.
Hogs moving up too. mo.
Grains come back a " smoking " bout 6 weeks to 60 days up the road. mo
( wheat likely to keep Rocking UP in the new world, even as corn puts in it's stairstep corection now )
beans headed mildly higher thru harvest, even as corn stalls in stairstep mode
Cull cows, fall is the seasonal low ( no matter what the market level ), spring thru summer the seasoanl high.
Doubt there's much downside to cull cows this fall ( crazy good burger demand ), AND a $50 cwt cash up thru April 013 on em.
USA is in a Higher Total food price up trend vacuum now.
Note the CYCLE explained in the 1st two paragraphs:
Higher grains, then stall, higher meats, grains catch up, then stall, higher meats, grains catch up etc..
Edited by Markwright 9/20/2012 15:35
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?MARK WRIGHT
