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Ranchers.net

It broke through the triple top at $1.20. Where next? Davis Kruse of the Commstock Report has always said that the technicals predict the fundamentals. We know the cowherd has shrunk. Considerably. And not just in North America.

Could it be possible that the beef sector will see some REALLY black ink for a while? Not that American producers really know what red ink means, as far as that goes. Those of us north of the 49th know hard times and can use about 7 years of high prices to catch up.

One thing for sure - what don't kill ya makes you stronger. Those of us left in the business are as efficient as anyone or we wouldn't have made it this far. But it's pretty hard to exaggerate the amount of pain that some of us have gone through and are not free of yet. Coming out of the BSE years has left me with an older, depleted cow herd, my working capital gone and a debt load that I never thought I'd see again. Not a fun spot to be in. And thus, RCALF is still not on my Christmas card list . . .

So, it will be interesting to watch this market for the next week or two.

http://charts.insidestocks.com/chart.asp?vol=Y&jav=adv&grid=Y&divd=Y&org=stk&sym=GFF1&data=H&code=BSTK&evnt=adv
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