Input costs, and the price of money, are on the rise.

There is little to hash out.  The industry is changing and higher prices are expected to quicken the change.  Higher prices will cure high prices.  What we are testing at the moment is how high that...

Although the seasonal tendency for October live cattle is firm going into expiration, it does not always suggest a new contract high.

In my opinion, I think the situation is as simple as there are too many cattle producers for the number of cattle available.

The margin squeeze is old news, has most likely done irreversible damage to some, with expectations of packers pulling out all the stops to find margin somewhere, somehow.

Open interest continues to be the most interesting aspect of this time frame due to a belief of significant commodity fund participation.

It appears that some are anxious to own even higher priced cattle, but seemingly those who do are not placing them on feed, but further backgrounding them as the lighter weights were either not available...

As much jubilation as I have seen and heard recently from cattle selling at exceptionally high prices, it doesn't appear to follow through to those buying them.

At the $186.55​ close of June cattle today, it represents a price of $2,611.75 at 1,400lbs per steer.  At today's close of January feeder cattle at $259.20, it represents a price of $2,203.20 at 850lbs...

Auction's can at times produce a feverish pitch to their attendees that can be contagious.  I think when coupled with the fundamental change from drought to drowning, it is a reason for the abrupt run...