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New Mexico | you mentioned it perhaps.
Looks to me like the traditionals are moving up now( 50 cent up last week ).
( pretty hot paper cattle market this week, don't know it tradits will trade 2 to 4 higher say the 115.50 to 117 range this week but they should ).
Thinking higher feed costs, lower in weights this year, and significantly less big cattle on feed the past 2 reports indicate that we may see significantly less traditional beef tonnage from now on.
Less chickens hatched this year, and feed cost has also declined replacement gilt numbers in the hog scenario.
From the demand side record high meat exports keep on ticking.
I'm thinking a real HOT harvest cattle market now thru Dec ( just keep on ticking ).
Where this all works out say Mid 012?
Might not have $200 cwt traditional fat cattle, then again we might too.
Hang Seng market and the Shanghia Index markets may be the leading usa cattle market indicator. We'll see.
Edited by Markwright 9/8/2011 15:56
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Markwright When is the cattle marketing going to take off?
