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Where's the money?
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<blockquote data-quote="ManyHorses" data-source="post: 59277" data-attributes="member: 1016"><p>In anticipation of the Canadian border reopening, Live Cattle futures have already been discounted 11 cents with the August contract. I would anticipate the Canadian market rebounding rather agressively as their supply heads south into the US thus creating a supply shortage in Canada and higher prices. There will be some 'give and take' over the short-term but Canadaian producers would do well to plan for a good late fall of 2005... </p><p></p><p>US producers may well have a tough time considering where we're at now, especially with rock bottom feedgrain prices, the US dollar at a huge discount, and feedlots busting out with overweight and oversupply of market ready cattle.</p><p></p><p>Seems like a little knowlege might go a long way.... Richard</p></blockquote><p></p>
[QUOTE="ManyHorses, post: 59277, member: 1016"] In anticipation of the Canadian border reopening, Live Cattle futures have already been discounted 11 cents with the August contract. I would anticipate the Canadian market rebounding rather agressively as their supply heads south into the US thus creating a supply shortage in Canada and higher prices. There will be some 'give and take' over the short-term but Canadaian producers would do well to plan for a good late fall of 2005... US producers may well have a tough time considering where we're at now, especially with rock bottom feedgrain prices, the US dollar at a huge discount, and feedlots busting out with overweight and oversupply of market ready cattle. Seems like a little knowlege might go a long way.... Richard [/QUOTE]
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