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Feeder cattle headed lower?

Posted: Thu Jun 22, 2017 10:46 am
by redrobin
Ever yard I talked to is full.
Fats are way too cheap for feeder cattle to be here at this price
Charts are horrible

Re: Feeder cattle headed lower?

Posted: Thu Jun 22, 2017 12:53 pm
by scout
All we can do is wait and hope it straightens soon

Re: Feeder cattle headed lower?

Posted: Sat Jun 24, 2017 5:08 am
by redrobin
Ouch, choice boxed beef down 3 bucks yesterday.

Re: Feeder cattle headed lower?

Posted: Sat Jun 24, 2017 9:09 am
by scout
Cold storage inventory down10 percent from a year ago

Re: Feeder cattle headed lower?

Posted: Sat Jun 24, 2017 10:05 am
by redrobin
scout wrote:Cold storage inventory down10 percent from a year ago
i still hear reports of packers taking them before they are ready also. It just doesn't look too good to me. Funds are supposedly short aug fats with very large positions. When they roll out of those aug fat contracts in a couple weeks I hope they roll to a new month and not into a different commodity. Cattle markets don't need any more negative pressure.

Re: Feeder cattle headed lower?

Posted: Sat Jun 24, 2017 11:25 am
by scout
Recently it seems when all hope is lost the market turns no one expected the last rally but it was a good one just wish I had something to sell during it

Re: Feeder cattle headed lower?

Posted: Sat Jun 24, 2017 2:25 pm
by redrobin
I've been mostly long the board since April.

Re: Feeder cattle headed lower?

Posted: Sat Jun 24, 2017 4:04 pm
by scout
I don't have enough head to use the board I know my big end of steers will go in mid nov at a select vac sale to satisfy the bank and landlords and will back ground the smaller steers and hfrs till Jan