Cash cattle expected to see the best pricing in 22 weeks. November 11, 2020
Cattle feeders passed on $110 bids today on the FCE. That shows a high level of confidence after Monday's vaccine news. In the short term, cattle futures are waiting for the payoff in cash cattle. Hogs continue to tread water as traders debate whether the Dec and Feb have enough of a discount to cash given rising supplies.
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Allendale Insider
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Possible light fund short covering yesterday
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Funds sellers of 21K, slightly higher support due to exports
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SA maps still look solid for rains in the 10 day
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Trade expects strong exports and more 8 AM announcements
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Open interest continues to fall drastically
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