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someone was holding the Feb down all day!

wish I knew.

Better packer bids or lower futures. Who knows? On the beef trade, ????

Live Cattle have 2 kinds of delivery against the CME. Live delivery or carcass delivery. Live deliveries are usually accepted by a speculator. Someone that thinks the cash market is going to go up. In other words, from the designated CME delivery station the cattle are visually graded by...

Heavy deliveries forces cash and futures together because of 2 things: #1-There tends to be more sellers of futures because they are willing to sell cattle at $83.50 versus the $79 being bid today #2-Packers will have to give more to keep feedyards from delivering the cattle against the board...

Can't wait til August 10. I hope the basis stays at 4.30.

Cattle trading at 79 to 79.5 in Texas now.

There are lots of arangements between feedyards and packers that knowone knows about. They also feed lots and lots of their own cattle and there is no trade on those cattle. Just move them from their feedyard to their packing house.

The basis will probably be close to -$1 by the end of August. Yes it would make sense to deliver cattle against the board, but you can't start doing that until August 10 and the basis needs to be about $-2.50.

None of what the packer does ever makes sense. They can claim to be losing money every week and keep on giving more every week. Then you can hear that they are making $100 per head and they keep giving less every week.

We will never know just how much they are making.

It's all about taking care of equity. She doesn't beleive in borrowed money. She compares what fats bring today against what a calf or feeder cost today. The transfer of equity from one to the other. I think she also trades alot of spreads. She won't elaborate on the spreads on her blog.

This link might help a little bit. http://www.tcfa.org/markets.html

Oh, you said auction. Fat cattle aren't sold at an auction around here. The volume for Texas fat cattle was 30,436. $79 to $79.50.

COF Report 53% of placements were below 700 lbs. Cattle going into feedyards smaller means smaller carcas weights in Nov-Dec-Jan and less cattle to slaughter in the Spring. What is the largest marketing total ever recorded? Anybody know?

http://www.cme.com/trading/dta/hist/cash_settled_commodity_prices.html?type=Feeder%20Cattle Takes a while for this to be updated sometimes.

We(Texas) imort all of our grain now. Most of it comes off of the train. Texas weather does not have anything to do with the corn market. Annual rainfall for a big chunk of Texas is 35-40 inches. Not always dry. Large portions of the small Corn crop in Texas is for silage. Good to hear...

Yes, but traded at $79 and $79.50 about 4:00pm in Texas.

Feedlots in the Panhandle are priced at $80.00

The packers claim to be buying cattle in Texas now at $79.00