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Just wondering.
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<blockquote data-quote="Douglas" data-source="post: 898248" data-attributes="member: 8840"><p>There is no question that historically cash calf prices have been better in the spring and lower in the fall here in north carolina. But the way to look at it is that the local basis is less negative in the spring than the rest of the year. Local demand for grass calves is highest in the spring and drives down the negative basis. Looks to me like the cme price is not a national price at all but a midwest price only.</p></blockquote><p></p>
[QUOTE="Douglas, post: 898248, member: 8840"] There is no question that historically cash calf prices have been better in the spring and lower in the fall here in north carolina. But the way to look at it is that the local basis is less negative in the spring than the rest of the year. Local demand for grass calves is highest in the spring and drives down the negative basis. Looks to me like the cme price is not a national price at all but a midwest price only. [/QUOTE]
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Just wondering.
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