interesting cattle on feed report

[redrobin]

Not much news in the numbers other than the cattle that have been on feed 90 days or longer are way down. Interesting times.

http://www.cmegroup.com/trading/agricultural/files/ht_charts/lc_onfeed_cbt.pdf

 

[Mike]

Anticipation of Brazil imports?

 

[redrobin]

Anticipation of Brazil imports?

I'd think that 120 days ago corn was teetering on too high, late summer and fall grazing was good and yearling prices were just starting to go up if I remember so cattle stayed in place. It should explode(or already has) the fat market because of the lack of marketable fats until larger placements show up.