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Heavy Lifting

February 17th, 2010 Posted in Uncategorized

The inverse correlation of feeder cattle prices to feed prices is being challenged, for regardless of whether the prices of such inputs as corn or soymeal go up or down -- feeder cattle keep powering up. FCK0 posted new swing highs today, and look to close nearer the highs than not.  The tendency for FCK0 is for a fall in prices starting anywhere from mid- to late-Feb, and break into mid- to late-March. On that note, I imagine it would be possible for this rally to pull back some.
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