8-3-20
• More bullish on cattle then in the past couple of weeks
• Cattle coming around
• Could be less cattle this fall then compared to previous years
• August 5, 2019 $107.80 not far off from where we are today
• Weeks…not months to getting caught up.
• Cash will grind higher the next couple of weeks
• Packers are willing to take on inventory.
• COVID & retail trade & exports are amazing.
• Hogs on the other hand struggle. Another gut punch to the trade
• Pork product not doing well, which makes the cash market struggle
• Export hogs are good, just need to get the short term to catch
• Grains-we will get another round of crop rating.
• We need to shift from supply to demand.
• Massive exports to China