Livestock Country Comments

September 16, 2011 in Livestock by Jerry Stowell

At 10:42 Live Cattle are 40-60 lower, Feeders 55-95 lower, while corn is 6 lower, 132.52 was the latest CME Feeder Index.                                
                                                                              
Cash is trading at 117 today in Kansas. Nebraska bids are 184 with some 117 trade.                                                                        
                                                                              
The lower cash trade is disappointing to the futures today. Dec LC are trading at 118.80 as I write.

We are short at 119.65. Most likely we will hold shorts 
into next week. We are short-term bearish the beef for a few weeks.

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