Dont see how back end of cattle market keeps things together. 3.38 million unemployment. People will continue with their normal lives as much as possible short term. But long term going to have issues.
I dont know about my 150’s april. Hard to see people buying high priced beef. Maybe im a year off.
Open interest has fallen the last couple days of this rally. Has me believing this rally is only short covering. And the markets job is to go find more buyers?
What a mess the world is right now. The only thing all of should be worried about is surviving this mess financially right now.