Last friday´s Cattle on Feed report noted a 1% increment in total inventory compared with December 1, 2013. For the short term, the inventory chart is slightly bearish:
This is a 35 year chart of Live Cattle. Record prices were reached on November:
This 35 year chart has been prepared with Scarr Visual Trading
However, the most surprising data came from placements and marketings:
Placements were the second lowest in November since 1996. With this low placements, cattle prices in spring should be strong.
Cattle marketed during November was very low (and prices breaking records). This chart shows the difference among 2013 and 2014.
This 35 year chart has been prepared with Scarr Visual Trading
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