I was worried about this.

[Big Muddy rancher]

Geo-Political Tensions Send Livestock Futures Tumbling


Thanks to the domino effect of fear in our 24/7 news cycle world, CME livestock futures have taken out key chart points and in case of cattle, widened an already vast basis.


It matters not that we send virtually no beef to Russia and not nearly the poultry we used to, Putin retaliated with multiple food import sanctions against the U.S., Canada, the EU and Australia and fear of the economic implications pressured CME futures and global stock markets overnight.


And if that isn't enough, a U.S. airstrike against militants in Iraq has everyone on edge, though U.S. stock markets are mildly higher now.


Markets loathe uncertainty and traders are abandoning longs. And it's the outside money, funds and the like, who have carried some of the bigger long positions during the Bull of 2014. And they must preserve capital.


Once a market starts to unwind, there's nothing that can be done until those that want out are out. And new
buyers have no interest in stepping in front of a runaway freight train.

 

[4Diamond]

Geo-Political Tensions Send Livestock Futures Tumbling


Thanks to the domino effect of fear in our 24/7 news cycle world, CME livestock futures have taken out key chart points and in case of cattle, widened an already vast basis.


It matters not that we send virtually no beef to Russia and not nearly the poultry we used to, Putin retaliated with multiple food import sanctions against the U.S., Canada, the EU and Australia and fear of the economic implications pressured CME futures and global stock markets overnight.


And if that isn't enough, a U.S. airstrike against militants in Iraq has everyone on edge, though U.S. stock markets are mildly higher now.


Markets loathe uncertainty and traders are abandoning longs. And it's the outside money, funds and the like, who have carried some of the bigger long positions during the Bull of 2014. And they must preserve capital.


Once a market starts to unwind, there's nothing that can be done until those that want out are out. And new
buyers have no interest in stepping in front of a runaway freight train.

paper cowboys have to have market movement to make money too. I wouldn't get real worried yet.