Futures

[RBT]

Anybody got any guess where the top is in the cattle futures market?

 

[burnt]

It's getting scary looking now, IMHO.

http://www.farms.com/markets/?page=chart&sym=LEG14

David Kruse of the Commstock Report says that cattle markets climb a wall of worry.

 

[Anonymous]

On one of the websites- one of the folks in the know more than me is predicting trade in fat cattle will be in the $173 to $178 cwt range by 3rd quarter... Hope he is right...

I do also think that will be contingent on if the multinational packers get their way and convince the USDA to throw caution to the wind and allow imports from a FMD infected country- Brazil...

 

[Justin]

David Kruse of the Commstock Report says that cattle markets climb a wall of worry.

i tend to agree. we all know that what goes up, must come down….at some point. i just hope the ride down isn't as steep as it is going up.

 

[4Diamond]

the saying around here is " you can only throw a rock so high"

 

[farmboy]

I wish I knew where it was....sold two weeks ago, and from the little I have watched on cattleusa in the last two days wish I would have fed them for just two more weeks.......

 

[RBT]

Sold our calves last Wednesday. Time will tell if that was smart or not. I was getting nervous and decided to let the next guy have a go at it. :lol: Hope he makes lots of money and wants more next year.

 

[Justin]

Hope he makes lots of money and wants more next year.

exactly

 

[Faster horses]

Good point. We used to have a friend we traded horses with/for. He was a great guy. His philosophy was "always leave some in it for the next guy."