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New Mexico | with cash traditional fat cattle prices in the usa.
Higher djia average always relates to higher priced cattle ( granted there is some lag time, and usually some over reach by cattle )
16k dow = $160 cwt. fat cattle ( also there should be a $10 cwt over reach due to lag time, thus $170...maybe $180 cwt as long as the dow keeps rolling )
lag time is generally 6 to 8 months.
times changing a bunch.
we're exporting so much high end middle meats now there are likely foreign indexes are very relative to usa cash cattle prices.
( keep in mind when the dow goes backwards, usa cattle do to...with a touch of lag time too )
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