A
Anonymous
Guest
Fed Cattle Commentary
05/27 11:20
Hackney Cattle Company
Hackney's comments from Friday, May 27, 2005.
FED CATTLE
At the very best, you would describe the past week or 10 day's cash trading as nasty and the only plus to be seen is the possibility that we have cleaned out the major portion of the freebies (formula) cattle set up for May and early June. Whoever dreamed up the expression that formula selling never had any negative effect on the prevailing cash markets was smoking a poor grade of dope!
Feedlots could have used a better cash incentive the past week in order to encourage more liquidation within the show lists and any carry-over of cash cattle into the holiday shortened week, next week, will not be an asset to bargaining power.
Anyone feeling content about our feedlot inventory only needs to look at the average carcass weight increases every week lately, to realize we are gradually building up the live cattle inventory in both weight and available numbers.
*************************************************************************** The views expressed here are those of Walt Hackney and are not necessarily those of DTN, its management or employees. ***************************************************************************
FYI: Walt Hackney's practical insight into the livestock markets, also dictates that he spend much time in the production areas, buying/selling cattle, and periodically he cannot do his daily commentaries in a timely manner.
05/27 11:20
Hackney Cattle Company
Hackney's comments from Friday, May 27, 2005.
FED CATTLE
At the very best, you would describe the past week or 10 day's cash trading as nasty and the only plus to be seen is the possibility that we have cleaned out the major portion of the freebies (formula) cattle set up for May and early June. Whoever dreamed up the expression that formula selling never had any negative effect on the prevailing cash markets was smoking a poor grade of dope!
Feedlots could have used a better cash incentive the past week in order to encourage more liquidation within the show lists and any carry-over of cash cattle into the holiday shortened week, next week, will not be an asset to bargaining power.
Anyone feeling content about our feedlot inventory only needs to look at the average carcass weight increases every week lately, to realize we are gradually building up the live cattle inventory in both weight and available numbers.
*************************************************************************** The views expressed here are those of Walt Hackney and are not necessarily those of DTN, its management or employees. ***************************************************************************
FYI: Walt Hackney's practical insight into the livestock markets, also dictates that he spend much time in the production areas, buying/selling cattle, and periodically he cannot do his daily commentaries in a timely manner.