I wanted to share a bit of good news for any of you out there calving and too disgusted to look at the markets.
Cattle futures are locked limit up for the second day in a row now that the panic liquidation has run it's course and concern over food security has taken over.
May feeder cattle are limit bid at $129.50 US/cwt this morning compared to a low of $107.475 last Wednesday. It still has a way to go to get back to January levels of $150 but at least it's on the right path.
With the break in the Can$, the Canadian equivalent of US futures are almost back to the Jan levels already.
Good luck with calving and keep up with the social distancing! (Who knew we were so far ahead of our time)
Cattle futures are locked limit up for the second day in a row now that the panic liquidation has run it's course and concern over food security has taken over.
May feeder cattle are limit bid at $129.50 US/cwt this morning compared to a low of $107.475 last Wednesday. It still has a way to go to get back to January levels of $150 but at least it's on the right path.
With the break in the Can$, the Canadian equivalent of US futures are almost back to the Jan levels already.
Good luck with calving and keep up with the social distancing! (Who knew we were so far ahead of our time)
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