Funny how the grain market bounces back after being pushed artificially lower by manipulation.
That’s or it’s because they shut CERN down and now everyone’s brain isn’t being scrambled.
Reality sets in either way.
@cer_hedge This parallels us farmers railing on the USDA and their crooked reports, touting market manipulation when we get bearish ones... But they must've just had a moral code moment when they report a big bullish surprise for us...
Fed #cattle cash trade moving at high enough volumes to say that all major feeding regions are trading $260 live and $400-404 dressed. Reports of major bidding as high as $263 on a Wednesday...
Yee yee... Let's keep it rolling. Could easily be the 5th of 5th of 5th final wave of this whole bull cycle, but eh, that's been said numerous times for multiple yrs by now.
@amandaa_fuller@aghedger Yeah I think it's like a 80% bearish indicator of a notable correction, but a new high in May or June, failing the triple, is a pretty good likelihood IMHO.
If you think the wind has been increasing recently, you are right! We have written since 2020 that extremes will be increasing during the 1st half of this decade. We should be on a bit of a downhill slide the 2nd half.
@TradesByDave It might be worth reposting your past reference to Drovers and their prediction for the bull to last until likely mid 2026. They've been the most consistently correct on their timing predictions, I believe you mentioned.
Wow, it's nice to see #cattle decoupled from stocks and energy a bit today. I'll take sideways with slightly higher closes, when we have oil sharply higher and stocks down...
@TradesByDave Whether they're right or not, to be fair, the multiple places I've read this new cycle analysis is that the cycles are notably shorter than that. The last one peaked in 2011/12 for some and by end of 2014 for other commodities.