At 10:09 Oct LC are 30 lower at 113.72 while Oct Feeders are 40 lower at
132.32. Corn is trading 7-8 lower. 132.15 was the latest Feeder Index. Expect
to see 131.65 down 50 tonight.
Cash is 111 bid South with 114 ask. A few cattle traded Wednesday in NE at 178.
Expect 112 to mostly 113 this week. Demand will be somewhat limited due to next
weeks holiday shortened kill week.
For traders we bought the Oct LC today at 113.72. We will take a quick 70 or 80
point profit this week if offered.