Menu
Forums
New posts
Search forums
What's new
New posts
New media
New media comments
New profile posts
Latest activity
Media
New media
New comments
Search media
Members
Current visitors
New profile posts
Search profile posts
Log in
Register
What's new
Search
Search
Search only containers
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Forums
Cattle Boards
Feedyard Board
Monday Morning Livestock Comments
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Help Support CattleToday:
Message
<blockquote data-quote="Anonymous" data-source="post: 71"><p>Cash fell $2-3 last week to $76 as we saw the packers hold the kill down to 663K which is down about 6% from last year in order to halt the falling cut-out values. It may be tough to get a rally going in the cash anytime soon even if weather stays nice. I still think that we will be hearing more on the Mad Cow/H&M issue. Afterall, they do need to find ways of selling newspapers. Friday's Cattle on Feed report looked a bit negative as total on feed came in at 103, placements at 89 and marketings at 91. April fats are down about $4 in 8 trading days and open intereest has dropped to about 10k. The technicians say we are oversold and need a bounce. The June charts had an inside day on Friday. A rally into the 72.50-73.00 area oughta hold things. On the other hand, a break into the 70.50-71.00 area should attract some buyers. Lack of deliveries on the April contract should be seen as neutral. Friday's cold storage show a decline in beef stocks which should be seen as friendly.</p><p></p><p> <a href="http://www.auberontrading.com/" target="_blank">Click here for my site</a> </p><p> <a href="mailto:Rndo10@aol.com">Rndo10@aol.com</a></p></blockquote><p></p>
[QUOTE="Anonymous, post: 71"] Cash fell $2-3 last week to $76 as we saw the packers hold the kill down to 663K which is down about 6% from last year in order to halt the falling cut-out values. It may be tough to get a rally going in the cash anytime soon even if weather stays nice. I still think that we will be hearing more on the Mad Cow/H&M issue. Afterall, they do need to find ways of selling newspapers. Friday's Cattle on Feed report looked a bit negative as total on feed came in at 103, placements at 89 and marketings at 91. April fats are down about $4 in 8 trading days and open intereest has dropped to about 10k. The technicians say we are oversold and need a bounce. The June charts had an inside day on Friday. A rally into the 72.50-73.00 area oughta hold things. On the other hand, a break into the 70.50-71.00 area should attract some buyers. Lack of deliveries on the April contract should be seen as neutral. Friday's cold storage show a decline in beef stocks which should be seen as friendly. [url=http://www.auberontrading.com/]Click here for my site[/url] [email=Rndo10@aol.com]Rndo10@aol.com[/email] [/QUOTE]
Insert quotes…
Verification
What does 10 plus 3 minus 2 equal?
Post reply
Forums
Cattle Boards
Feedyard Board
Monday Morning Livestock Comments
Top