No messages in 2012 yet? Beef prices at yearly highs? Any thoughts about trading this?
Yup, going long term short.
Due to the 30% increase in the feed cost, many farmers had sold off the 'overhead' of the cattle and pigs.The large volume is what has been suppressing the pricing of livestock.There will be shortages expected in about 1-2 months.
Why? Based on what reasons?
Yup, March was when the year highs hit. Also, the end of a 7 year bull run appears eminant.
At $28, pushing its multi year low, why would you sell it??Once the excess inventory of beef is worked off, beef prices will soar, as per Gartman's analysis...I am a buyer here.
Gartman calling it a buy...he was right about CORN, so he may be right here as well.