Ferocious Cattle Board Collapse

[bucket]

Talk's cheap - you're all free to go make your living solely from cattle if it's so lucrative. I think most would miss the hundreds of dollars an acre revenue and the winters in the sun....and you'd likely still have to own machinery.

I think you missed part of my post....why so bitter?????

[errolanderson]

Seasonally, fed cattle prices across North America remain under pressure. Kansas cash bids heard $116 to $117/cwt this week, off $2 to $3 of-late. June live cattle have plunged recently from $123 to below $110/cwt this week. Board remains wobbly.

Alberta cash is coming down with fed steers last heard around $155/cwt. Expect fed bids to continue to weaken into early summer . . . possibly $140 or lower before cash lows approach, we'll see.

Cow market has been firm, but spring top may be approaching. Cdn dollar remains rangebound in our view. Major support seen @ 73 1/2 cents, heavy resistance at 76 1/2 cents U.S., opinion for what it's worth . . . .