In my opinion, a plethora of news, rumors, and potential changes in processing, sent a lot futures traders to the sidelines.

A tremendous amount of volatility today. Futures appeared to begrudgingly move higher with cash remaining firm.

I believe wave 5 of 5 of the B wave is complete or near so enough to warrant these recommendations.

Backgrounders are now believed in a similar spot as cattle feeders when looking at projected margins.

A common thread this week has been money. How much is needed, and how much more will be needed, continues to be discussed amongst producers and lenders.

A recovery off the low, and technical indicators turning higher, will be anticipated to further embolden cattle feeders.

Firmer today with cash steady.  Basis swings are what is taking place as cash is expected to be even with last week and the feeder cattle index having a difficult time pushing through the current ceiling....

I noted a cartoon seen recently in which it shows a small line of people to buy silver at $30.00 and a great increase in buyers at $100.00.

Managing the historic amount of working capital, to produce a pound of beef, has become increasingly more difficult.

There are no words for the price action this week.