Traders wanted a second glance at the contract high made last week.

Cattle feeders climbed over one another to bid feeder cattle higher, and higher against the fat market, with the aspect of cheaper cost of gain.

The challenge of getting ahead of the curve

In my opinion, the increase of volatility, and further price expanse, may have produced a point in which production schemes of paying inflated retail for incoming feeder cattle, with only a discounted...

The squeeze tightened further for which some are able to manage risk in a poor positive basis in fats, while paying premium for feeders, some are trying to just keep up with this production scheme, and...

Cattle feeders continued with what appears to be buying feeders at an inflated retail price and marketing into what is available at a discounted wholesale price for fats.

Traders in both fats and feeders got to revisit, or close to, the contract high made last week.

It will take the week to see what kind of swapping of horses took place last Friday. The open interest plummeted by over 17,000 contracts and it was no roll.

In my opinion, what a squeeze market participants, and multiple sectors of cattle/beef production and processing, were subjected to this week

In my opinion, and in no way to be confused with fact, but seemingly when President Trump announced a deal with Mexico, the market dove deep in the red and continued that way to limit down in the October...