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Feeder Cattle Futures Advance to All-Time Highs

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Anonymous

Guest
Feeder Cattle Futures Advance to All-Time Highs
posted on December 09, 2010 08:47


The following article is from Troy Applehans with CattleFax:

Numerous items have advanced the feeder cattle market, includingthe premiums in the April and June live cattle futures, which will catch the bulk of feeder cattle being placed now. April has advanced roughly $4.50 and June roughly $3.50 since mid-November. In addition, December corn fell nearly $1 a bushel from November 9th to its most recent low on November 23rd. Overall market psychology has been high the past few weeks as fed cattlehave rallied to levels not seen since the 2003 surge. The money flow buying into the futures is apparent. Fund managers have bulked up open interest levels in both live and feeder cattle with some of the sharpest increases in history over a two week period.

This in addition to the currentness situation in feedyards, a healthy export market, net beef supplies indicative of higher prices and a long term favorable supply situation helped push daily highs in spot feeder cattle futures to new all-time highs of $120.15 the 30thof November. This price broke through what has been historically stiff resistance just below $120 that has been unable to be surpassed since first being tested in 2005. Deferred feeder cattle contracts (March through August) have all gone above this level to make new all-time highs as well.

http://www.northernag.net/AGNews/tabid/171/articleType/ArticleView/articleId/1944/Feeder-Cattle-Futures-Advance-to-All-Time-Highs.aspx
 
A

Anonymous

Guest
Record high prices--Finally getting closer to what we should have been getting for years- which should be $1.50+ feeders and $15.00+ wheat......Glad to see the Ag economy gaining strength....

$9.00 Wheat by Spring?
posted on December 09, 2010 13:10 ::


We spoke with Mike Krueger of the Money Farm out of Fargo, ND yesterday. He confirmed that the current wheat prices (visit grain markets) are two-year highs. A brief spurt is one thing, but could these prices be sustainable?

Mike told us that not only are they sustainable, they could go higher.

Mike had this to offer for marketing advice.

2011, Mike says, is going to be a difficult marketing year. He expects the prices to be good but adds that the trading ranges will be large.

Full story and interview:
http://www.northernag.net/AGNews/tabid/171/articleType/ArticleView/articleId/1947/900-Wheat-by-Spring.aspx
 

redrobin

Well-known member
You know I've got a crazy thought here but could it be that the dollar has tanked against other foreign currencies that produce beef resulting in fewer imports and since the dollar has tanked our beef is more competitively priced ? Could it be that after years in poverty, some of indian and chinese people have enough money to buy. Could it be that the cow herd inventory is down to a very low level so feed lots have to bid higher? Could it be that finally after years of paving tillable and grazing lands that we haven't keep pace with the increasing population. It could be a hundred other things and maybe those hundred other things will affect other commodities like gold, silver, copper, etc......Nah, it's probably your liberal leaders like your girl nancy that's saved our ag economy. Thanks nancy. And thanks barney for saving our banking system..
 
A

Anonymous

Guest
redrobin said:
You know I've got a crazy thought here but could it be that the dollar has tanked against other foreign currencies that produce beef resulting in fewer imports and since the dollar has tanked our beef is more competitively priced ? Could it be that after years in poverty, some of indian and chinese people have enough money to buy. Could it be that the cow herd inventory is down to a very low level so feed lots have to bid higher? Could it be that finally after years of paving tillable and grazing lands that we haven't keep pace with the increasing population. It could be a hundred other things and maybe those hundred other things will affect other commodities like gold, silver, copper, etc......Nah, it's probably your liberal leaders like your girl nancy that's saved our ag economy. Thanks nancy. And thanks barney for saving our banking system..


Like Pat Goggins has said for years- Depressions/Recessions (Bush Bust) are good for the Ag economy....
 

redrobin

Well-known member
Oldtimer said:
redrobin said:
You know I've got a crazy thought here but could it be that the dollar has tanked against other foreign currencies that produce beef resulting in fewer imports and since the dollar has tanked our beef is more competitively priced ? Could it be that after years in poverty, some of indian and chinese people have enough money to buy. Could it be that the cow herd inventory is down to a very low level so feed lots have to bid higher? Could it be that finally after years of paving tillable and grazing lands that we haven't keep pace with the increasing population. It could be a hundred other things and maybe those hundred other things will affect other commodities like gold, silver, copper, etc......Nah, it's probably your liberal leaders like your girl nancy that's saved our ag economy. Thanks nancy. And thanks barney for saving our banking system..


Like Pat Goggins has said for years- Depressions/Recessions (Bush Bust) are good for the Ag economy....
Care to venture an explanation of how?
 

littlejoe

Well-known member
redrobin said:
You know I've got a crazy thought here but could it be that the dollar has tanked against other foreign currencies that produce beef resulting in fewer imports and since the dollar has tanked our beef is more competitively priced ? Could it be that after years in poverty, some of indian and chinese people have enough money to buy. Could it be that the cow herd inventory is down to a very low level so feed lots have to bid higher? Could it be that finally after years of paving tillable and grazing lands that we haven't keep pace with the increasing population. It could be a hundred other things and maybe those hundred other things will affect other commodities like gold, silver, copper, etc......Nah, it's probably your liberal leaders like your girl nancy that's saved our ag economy. Thanks nancy. And thanks barney for saving our banking system..

If you look at the price of gold on kitco.com they show how much it really went up and how much the price actually changed due to u.s. dollar getting cheaper.

Basic economics says you can make a limited # of something in demand and set the price----or you can make all you can and let the market set the price. But you can't do both. U.S. is making lotsa dollars.
 

mrj

Well-known member
Where does the low to non-existing supply of grains, both feed and food, in the world fit in with these increasing prices for commodities, from cattle to grains?
 

hopalong

Well-known member
Oldtimer said:
redrobin said:
You know I've got a crazy thought here but could it be that the dollar has tanked against other foreign currencies that produce beef resulting in fewer imports and since the dollar has tanked our beef is more competitively priced ? Could it be that after years in poverty, some of indian and chinese people have enough money to buy. Could it be that the cow herd inventory is down to a very low level so feed lots have to bid higher? Could it be that finally after years of paving tillable and grazing lands that we haven't keep pace with the increasing population. It could be a hundred other things and maybe those hundred other things will affect other commodities like gold, silver, copper, etc......Nah, it's probably your liberal leaders like your girl nancy that's saved our ag economy. Thanks nancy. And thanks barney for saving our banking system..


Like Pat Goggins has said for years- Depressions/Recessions (Bush Bust) are good for the Ag economy....

But oldtimer you have been complaing for yrs about BUsh!! :wink: In fact most things you bring up are a rip at him!! :wink: no matter what froum :cry:
 

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