Live Cattle

On Feed: 105%, Placement’s 116%, Marketed 104%

I can’t recall a more skewed number from guess to actual.  I’m not real sure I’ve seen a placement number this high.  I’m sure there has been.  So, I’ll anticipate the worst and hope for the best.  I’ll be working this weekend on how to best engage this news and the markets.  The positive aspect of this will be that none of this changes the demand spectrum.  In previous reports, all having been higher as well, traders took prices lower initially, but were unable to keep them there.  It may take a little longer for this large of a number to be digested, but I anticipate it to be.