Bearish Case for Cattle?
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Started by beaners - July 5, 2022, 4:35 p.m.

Can anyone give me the bearish and bullish fundamentals for LC?
I'm leaning to the bear side here just based on the charts...

seems like it's been range bound forever...

By metmike - July 5, 2022, 4:38 p.m.
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Thanks beaners!

I don't follow the meat markets anymore.


By MarkB - July 6, 2022, 1:51 a.m.
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I don't have any links for you to follow. But the last time I looked into the fundementals on cattle, the biggest news was cattle dying in the stockyards, due to the rising temps and lack of rain in the west. This is bullesh. And also ranchers getting rid of stock, because of the impending drought, which is bearish. Yet the market has been bearish, and unpredictable, even with the fundementals. 

Even with the rise in grain and hay costs, the market has dropped recently. I have no explanation for it. I just go with the flow. It's confusing most days. One might think that the impending recession/depression, may also have an affect. Did I say that? LOL.

By beaners - July 6, 2022, 9:50 a.m.
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YES, the recession is obviously playing out in price discovery here, too..

The best cure for high prices?  High prices!

I'm currently long LCV OOM puts and have an order to fill for long LCV/LCZ spread