Mike
Well-known member
Meats
March Feeder Cattle stuck in the middle of a 5 month trading range with a high near 105 and a low of 95. Long term view is looking for Cattle prices to head for historical lows this year. Canadian Beef should begin showing up in the United States soon and Canada has a record amount of Cattle they need to do something with. Brazil and Australia are becoming major players in the export market and have huge if not record inventories as well. If major exporters have near record supplies is that not a sign that demand is soft or is production running too high. Is the world going to wake up to the fact the USDA testing methods for Mad Cow (BSE) here in the United States are pathetic when compared to how the Asian and European countries test their cattle. The U.S. Cattle industry would love to see the borders be reopened to Japan because before the ban the U.S. exported 1.4 billion dollars worth of cattle to Japan. Japan tests every cow for human consumption and the USDA test nothing when compared to Japan, who would want U.S. cattle?
I FOUND THIS TO BE AN ODD SYNOPSIS OF THE FUTURES MARKET!
From Fxstreet .com
Mike[/b]
March Feeder Cattle stuck in the middle of a 5 month trading range with a high near 105 and a low of 95. Long term view is looking for Cattle prices to head for historical lows this year. Canadian Beef should begin showing up in the United States soon and Canada has a record amount of Cattle they need to do something with. Brazil and Australia are becoming major players in the export market and have huge if not record inventories as well. If major exporters have near record supplies is that not a sign that demand is soft or is production running too high. Is the world going to wake up to the fact the USDA testing methods for Mad Cow (BSE) here in the United States are pathetic when compared to how the Asian and European countries test their cattle. The U.S. Cattle industry would love to see the borders be reopened to Japan because before the ban the U.S. exported 1.4 billion dollars worth of cattle to Japan. Japan tests every cow for human consumption and the USDA test nothing when compared to Japan, who would want U.S. cattle?
I FOUND THIS TO BE AN ODD SYNOPSIS OF THE FUTURES MARKET!
From Fxstreet .com
Mike[/b]