Errol is saying cattle prices should be bullish the
fundamentals are there. Then you look at the
futures charts and see 2 rally attempts flat out fail.
Then I look at NBI market reports (for what their
worth) and see this
Clyde sale numbers 5/6 weight str
Sept 11-- 2050
Sept 18--2634. 1.50/1.67
Sept 25--1932. 1.50/1.67
Oct 2-- 2456. 1.45/1.55
Oct 9-- 2424. 1.45/1.65
Oct 16--2318. 1.55/1.71
Oct 24--4607 1.55/1.71
Oct 31--4890. 1.55/1.71
Nov 6--6535. 1.55/1.69
Nov 27--5816. 1.50/1.60
Feb 12--5052. 1.55/1.66.5
Mar 5--3500. 1.50/1.63
Looks like a flat market to me.
fundamentals are there. Then you look at the
futures charts and see 2 rally attempts flat out fail.
Then I look at NBI market reports (for what their
worth) and see this
Clyde sale numbers 5/6 weight str
Sept 11-- 2050
Sept 18--2634. 1.50/1.67
Sept 25--1932. 1.50/1.67
Oct 2-- 2456. 1.45/1.55
Oct 9-- 2424. 1.45/1.65
Oct 16--2318. 1.55/1.71
Oct 24--4607 1.55/1.71
Oct 31--4890. 1.55/1.71
Nov 6--6535. 1.55/1.69
Nov 27--5816. 1.50/1.60
Feb 12--5052. 1.55/1.66.5
Mar 5--3500. 1.50/1.63
Looks like a flat market to me.
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