Markets Rally on Canada Ruling

[Anonymous]

Today 3/3/2005 10:53:00 AM


Mid-Morning Cattle Comments: CME Cattle At Multi-Wk Highs; Canada Ruling



CHICAGO (Dow Jones)--Chicago Mercantile Exchange live and feeder cattle futures staged a sharp rally Thursday after the U.S. District Court in Billings, Mont., granted an injunction Wednesday that would continue a ban on Canadian live cattle entering the U.S.



April live cattle registered a three-week high, while April feeder cattle climbed to a six-week top.



Buying was widespread. Funds bought heavily after technical chart resistance levels were bested. Commercial accounts also bought, especially in April, on ideas the court process could linger, while the ban on Canadian live cattle continues.



Feeder cattle prices reacted even more strongly, because of the same scenario.



April live cattle rose 135 points to 88.15 cents a pound, while June increased 100 points to 83.92 cents. March feeders were 147 points higher at 101.80 cents at 9:36 CST (1536 GMT).



Source: OsterDowJones

 

[rkaiser]

My goodness, that is exactly what Pat Goggins said would happen on our news last night. This guy is a geniuos, I'm movin to Montana, shaving my head (some more) growin a handlebar and buying a membership. With leadership like that at the helm, We Montanans will be rich and famous for generations to come.

 

[Bull Burger]

Today 3/3/2005 10:53:00 AM


Mid-Morning Cattle Comments: CME Cattle At Multi-Wk Highs; Canada Ruling



CHICAGO (Dow Jones)--Chicago Mercantile Exchange live and feeder cattle futures staged a sharp rally Thursday after the U.S. District Court in Billings, Mont., granted an injunction Wednesday that would continue a ban on Canadian live cattle entering the U.S.



April live cattle registered a three-week high, while April feeder cattle climbed to a six-week top.



Buying was widespread. Funds bought heavily after technical chart resistance levels were bested. Commercial accounts also bought, especially in April, on ideas the court process could linger, while the ban on Canadian live cattle continues.



Feeder cattle prices reacted even more strongly, because of the same scenario.



April live cattle rose 135 points to 88.15 cents a pound, while June increased 100 points to 83.92 cents. March feeders were 147 points higher at 101.80 cents at 9:36 CST (1536 GMT).



Source: OsterDowJones

Oldtimer, they are coming up just like they have for the previous three days. You're getting more like HAYMAKER all the time.

Let us know your comments about what you posted.

 

[Anonymous]

Today 3/3/2005 10:53:00 AM


Mid-Morning Cattle Comments: CME Cattle At Multi-Wk Highs; Canada Ruling



CHICAGO (Dow Jones)--Chicago Mercantile Exchange live and feeder cattle futures staged a sharp rally Thursday after the U.S. District Court in Billings, Mont., granted an injunction Wednesday that would continue a ban on Canadian live cattle entering the U.S.



April live cattle registered a three-week high, while April feeder cattle climbed to a six-week top.



Buying was widespread. Funds bought heavily after technical chart resistance levels were bested. Commercial accounts also bought, especially in April, on ideas the court process could linger, while the ban on Canadian live cattle continues.



Feeder cattle prices reacted even more strongly, because of the same scenario.



April live cattle rose 135 points to 88.15 cents a pound, while June increased 100 points to 83.92 cents. March feeders were 147 points higher at 101.80 cents at 9:36 CST (1536 GMT).



Source: OsterDowJones

Oldtimer, they are coming up just like they have for the previous three days. You're getting more like HAYMAKER all the time.

Let us know your comments about what you posted.

Bullburger- I posted it for info- you can interpret it anyway you want to...
Was the previous 3 days rise on expectation of the border ruling? Thats what the Ag- Ouija Board Readers have been reporting on the radio ......

 

[Kato]

Inside information???? Oh MY! :shock: :shock: :shock: :wink: