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April/August fats....
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Posted 1/14/2021 12:36 (#8750652 - in reply to #8749545)
Subject: RE: April/August fats....

Beresford, SD
108-111 cash today, board come down to meet cash near term. Everyone and their dog will hold back feeders for new crop corn. The seasonal market be reversed this year. Cash high for the year be as the first combines of the southern Midwest start rolling next fall. I don’t look for much positive cattle news for 60-90 days. Differed futures gaining on nearby, this trend will continue. August be within pennies of April and Dec, soon.

Edited by carlsoncl 1/14/2021 12:55
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