mwj
Well-known member
I was talking to a feedlot guy at the sale yesterday. He said all this futures market stuff is the commodity traders. Live cash cattle are still selling for $2.08. This is a man with 15,000 on feed so he should know.
Were you one of the folks talking about buying futures to cover theses high cost feeders. You can't have it both ways if you are using the futures to build a floor under your cattle.
If he has 15000 on feed and no market protection at these prices, he has to be very brave with no banker involved.