The curtains cattle feeders are producing behind have become more like shear drapes than curtains.

Backgrounders continue to enjoy the benefit of futures traders providing them with premiums or even basis trades into the future.

I believe evidence is starting to mount from the rationing.

To repeat the most common phrase this week, "what a time to be in the cattle business"!

Further reshaping of the cattle industry today.

Backgrounders remain in a very unique position of holding high cards in the ability to lock in production at today's price, well into the future.

A very mixed bag today.  October equaled contract high with December and February having made a new one.  None closed at a new contract high.

This week starts a bullish Moore Research seasonal tendency for cattle, feeder cattle and hog prices to move higher.

In my opinion, what a week of trading!

The meat protein industries are falling in line with one another.