Live cattle basis

Things that come up in the daily operation of a ranch.
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redrobin
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Live cattle basis

Post by redrobin » Thu May 11, 2017 6:15 pm

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.

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4Diamond
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Re: Live cattle basis

Post by 4Diamond » Thu May 11, 2017 6:56 pm

Mike I thought this thing was only going up? Where you been hiding at on NAT?

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Re: Live cattle basis

Post by Brad S » Thu May 11, 2017 7:11 pm

Right on the basis - be a lot of delivery against the board if things don't correct

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Re: Live cattle basis

Post by redrobin » Thu May 11, 2017 7:55 pm

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

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Re: Live cattle basis

Post by redrobin » Thu May 11, 2017 7:57 pm

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

Post by Big Muddy rancher » Thu May 11, 2017 10:28 pm

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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redrobin
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Re: Live cattle basis

Post by redrobin » Fri May 12, 2017 4:06 am


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4Diamond
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Re: Live cattle basis

Post by 4Diamond » Fri May 12, 2017 4:30 am

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.

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Re: Live cattle basis

Post by redrobin » Sat May 27, 2017 5:28 am

Basis down to 12 dollars which is still too wide.

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