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New Mexico | I think the $2 is achievable.
Trend is slowly but steadily higher.
Since your 2/10 post the market put in higher highs and higher lows.
Last high tick of approx 93.25 ( apr ) was approx 2/20, 2/22.
Current low ( Mon ) was say 91.75, vs the old low of say 90.80.
As soon as things start to flow again there should be a $3 to 5 up on the cash fats.
Right now we're in stagnant deal due to so much weather not only on producers and plants, perhaps MORESO on the consumption end.
If we happen to just get a decent shot of Spring warm weather rolling the beef complex should go up approx $5 for every 15 degree rise in temperatures.
How high is that by the time the grills get fired up this year? We'll see.
ADD $14 to the current 92 by Indy time and enjoy the race. That simple. | |
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ready to buy lc1004
