You are correct.  Add in the chart you used traditionally would be the high for the year and that is not happening this year (Other than it looks like it tagged 1.40 at one time).  It looks to me very unusual for the out months to be counter seasonal to the norms.  Remember I am way outside my pay grade on this topic.  Even my charts, I am late to the game and did not realize how the distant months had increased in value steadily since Jan. Really cannot factor that beef prices have moved due to the higher grain prices.  While logical it just does not seem practical to think that simple. Really asking for thoughts from you all that follow this stuff.