In my opinion, you would think there would be a chapter, if not a book, to write about this week's price action.

On the mid day cattle comment, I recommended for soybean farmers to buy the $11.50 November soybean put for around $.50. If you happen to own or have oil rights leases and this price increase of oil is...

Energy, feed, and the price of money have all increased significantly in a very short period of time, unexpectedly, and may or may not recede anytime soon.

Due to the manipulation of slaughter, beef prices have rallied and cattle prices softened.  This shift in production is brining profitability back to packers.

There isn't a great deal to discuss as the current events are difficult to assess, making all forward projections even more difficult.

In my opinion, what a week of price volatility and expanse.  While not one for the record books, it is noticeable.

Trading was ground to a pencil point in the fats today.  Traders appeared very indecisive as oil breached and remained above $80.00 per barrel and diesel fuel now trading over $3.60.

Futures traders, or at least the computers, turned into buyers at the get go this morning.

Higher fuel prices are expected to be a direct impact on consumers discretionary spending habits.

Lastly, cattlemen have bid inventory to levels that have encouraged other producers, outside of the US, to increase production capabilities.