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Feeder cattle headed lower?

redrobin

Well-known member
scout said:
Cold storage inventory down10 percent from a year ago
i still hear reports of packers taking them before they are ready also. It just doesn't look too good to me. Funds are supposedly short aug fats with very large positions. When they roll out of those aug fat contracts in a couple weeks I hope they roll to a new month and not into a different commodity. Cattle markets don't need any more negative pressure.
 

scout

Well-known member
Recently it seems when all hope is lost the market turns no one expected the last rally but it was a good one just wish I had something to sell during it
 

scout

Well-known member
I don't have enough head to use the board I know my big end of steers will go in mid nov at a select vac sale to satisfy the bank and landlords and will back ground the smaller steers and hfrs till Jan
 
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