Live cattle basis
Live cattle basis
The basis between cash live cattle and the live cattle board is 16 dollars per cwt. That is amazingly wide and I'd expect a correction that would bring these two numbers closer to 10 dollars apart.
Re: Live cattle basis
Mike I thought this thing was only going up? Where you been hiding at on NAT?
Re: Live cattle basis
Right on the basis - be a lot of delivery against the board if things don't correct
Re: Live cattle basis
4Diamond wrote:Mike I thought this thing was only going up? Where you been hiding at on NAT?
what goes down must go up Brent. Wicked leg down though. Higher cash and board tomorrow I hope. Limit up? Maybe
Re: Live cattle basis
Brad S wrote:Right on the basis - be a lot of delivery against the board if things don't correct
Yep and weights were once again lighter and boxed beef up over $2.
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Re: Live cattle basis
Last week I locked some feeders in for $2.00 Can this week the best would be $1.84 Guess I should have locked some calves in last week.
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Re: Live cattle basis
redrobin wrote:4Diamond wrote:Mike I thought this thing was only going up? Where you been hiding at on NAT?
what goes down must go up Brent. Wicked leg down though. Higher cash and board tomorrow I hope. Limit up? Maybe
Bring it on! Paper cowboys been getting theirs the past few days I'll say that.
Re: Live cattle basis
Basis down to 12 dollars which is still too wide.