Dan Vaught
Dan Vaught
bird cattle dollar flu four rally reasons situation strong three turn
Of course, we don't know how the bird flu situation will turn out. But, I see no strong reasons we won't see a three to four dollar (per hundredweight) seasonal cattle rally in the first quarter.
cattle expect interest next open records roll seen several week
Several times we've seen all-time live cattle open interest records set the week before the Goldman roll begins. I expect we'll set another live cattle futures open interest record next week.
crude later oil reports suggested
Later reports suggested they (Saudi forces) foiled the (attack) attempt, but you still have crude oil up over $2 a barrel.
associated diminish jump offer placement possibly price
That may offer some price support, and possibly diminish the bearishness associated with the anticipated jump in placement rates.
cattle commodity general growth increase increased interest market open reflected seen short side
The general increase in commodity futures market open interest has reflected the growth of hedge funds. And, recently, the short side of cattle futures has seen increased participation from the more traditional commodity funds, also.
carrying momentum mostly york
I think it was mostly upward momentum carrying over from the New York session.
cited crude dollar downward early friday gold highs push slide strength technical
The gold strength, as much as anything else, is technical in nature. The downward slide in the dollar from the early highs Friday morning, and the upward push in crude oil, can probably be cited for some of the strength in here.