WASDE Expected Bullish Across The Board

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Cattle – Cash traded $1 higher in NE at 188, BB up again, Dec getting even closer to 6 month highs

↔Yesterday’s PM BB was choice +1.77 select +2.10 packer BE at 190.72, packer cushion $4.61

↔Cash trades were $1 higher and BB bounced yesterday causing futures to add more support and come even closer to 6 month high levels just over 190

↔Last week’s slaughter was 617K which is just slightly off recent week’s highs

↑ Futures remain highly optimistic but are slowing the excitement slowly as Dec is not far from 12 month highs of 191.625

↔With cash being $1 higher yesterday and futures also $1 higher futures are maintaining the pattern we have seen recently which is to stay $3 above the last reported cash trade

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