| GOMSK - 2/1/2019 15:21
The kill has lowered to 593 this week...vs 610 last week, what gives? At this rate there is no great incentive for the packer to have to pay up. 198 cash in E Nebraska right now.
But again I’ll state, this is a futures market, and it’s feeling like we’re at the top. Cash could creep higher, but if I were long futures up here, I wouldn’t want to be. And which months do you think most producers are long, and which one they are short? Going to be an interesting couple weeks.
Could be the top, maybe not. But if you’ve got Cattle that won’t be leaving til May or June. Doesn’t look like a bad place to offload some risk.
Little basis improvement and I’ve got fats that will be leaving soon. Hedged my June fats last week at 117.75. Slid those hedges into April little over a week later. Right or wrong. Good luck to everyone. Weather has been a real bitch here lately.
Edited by FarmerOhio 2/2/2019 07:58
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Cattle market
