@KINGS1973 There’s more to trade than just physical goods, even though it’s the majority in most cases. Zoom out to the balance of payments components which impacts currency pairs…at least those pairs that freely float against one another and are not artificially pegged. See DXY basket 🧺
@hickey_travis We’ll likely be range bound. Packer can’t really add too much kill cause margins and retailers face demand destruction when cuts get too high priced this time of year. Mostly depends on how cattle prices will move these next couple months. Things aren’t really bad or great.
@meat_biz Airlines “projecting” lots of travelers this summer as anecdotal reference. Blackrock not seeing inflationary pressures in their companies relative to gov CPI measures.
@leereichmuth Considering the cutout was at multi year highs not too long ago with retail features hanging in there things are not that bad. Early Easter usually sees a lull right now. Could be a good time to go long.
Our children’s lives are mind-warped by smartphones, not in some spiritual ghost-in-the-machine sort of way but in an actual neural-wiring sort of way.
This note by Kiril Sokoloff and the 13D team shows how.
No paywall on this one. Spread the word.
https://t.co/l7gV09Ll5J
@KINGS1973 The delivered blend cost with US fat was advantageous relative to Oceania 65s and I also imagine the one packer in multiple origins wanted to keep their Chinese customers happy.