Backwardated

Ag Trader

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@meatidea It’s “contained” you need to calm down.

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@meatidea #Confirmed

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@traderchicago7 Is that an implosion or explosion?

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So the wall didn’t stop it? Brook said it wasn’t going to cross, how is this possible?

[Dept. of Agriculture @USDA]

A case of NWS may have been detected in South Texas. The sample is now at USDA's National Veterinary Services Laboratories (NVSL) in Ames, lowa for confirmatory testing. We will provide updates the moment results are available.

We have already activated personnel on the ground and are working with local partners.

What you can expect from us is transparency, candor, and most important — action.

https://t.co/MrhuQr9UbN

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@leereichmuth I assume to have more influence and control over the price that’s sets the weekly formula price right? More negotiated with the hope of higher prices

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@Rob89935 Is that bearish though?

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Given the price action in feeders, I am going to speculate that this is what went down last week at WH.
Brooke storms into the Prez's office and throws a fit about BRZ imports for the Rcalf posse. Trump says fine f off then and open the border. What else could it be?

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@USDA there is one North American country growing and expanding their cattle industry right now - more cattle feeding, more packing/processing, exports, soon to be more ranching, etc.

AND another country that is or will be shrinking (in the near future). Guess which one has screwworm?

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@TXPanAg @USDA @POTUS The cost of keeping border closed > the cost of opening. This will become apparent in coming years.

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@laurenpayne2012 I see wut ya did there.

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@trdraaron @steveconaway1 Reflexivity has to be a consideration in your argument though. As long as hedged off, great trade. Being wide open is suicide right now

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@amandaa_fuller Depends on 1 thing. What is the price of corn? $3-$4=no.

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@_aussie17 @grok is this number of events unusual or suspicious?

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@laurenpayne2012 @ckleene

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@TonyTruant01 @grok is this true and what is he saying?

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@my_ribeye @BlueHorseShoe__ That’s what makes it so amazing

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h/t @my_ribeye - looks like we are close, but has been higher in 2014 and 2010.

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i'm showing managed money long open interest as a % of total OI at an all-time high in cattle - correct or am I calc'ing wrong?

[Backwardated @Backward8ed]

i'm showing managed money long open interest as a % of total OI at an all-time high in cattle - correct or am I calc'ing wrong?

[Backwardated @Backward8ed]

It’s almost like some big buyer in live cattle futures knew this was going to happen last week or something!?!?🙄🙄😳😳

[First Squawk @FirstSquawk]

Thousands of striking beef plant workers in Colorado have agreed to return to work, ending a three-week strike at a facility owned by JBS, the world’s largest meatpacker-WSJ