The Law of Supply and Demand: Market Price is the point where the quantity demanded equals quantities available creating a market equilibrium. If we consider the three variables in the [...]

Live Cattle futures spreads: Neutral-to-Bullish The December-February closed November at (-$2.275) as compared to the end of October settlement at $2.00 and the previous 5-year high weekly close for the [...]

The Law of Supply and Demand: Market Price is the point where the quantity demanded equals quantities available creating a market equilibrium. If we consider the three variables in the [...]

Live Cattle futures spreads: Bullish The December-February closed October at $2.00 as compared to the end of September settlement at (-$2.40) and the previous 5-year high weekly close for the [...]

I’ve changed my monthly discussion of real month-end fundamentals for the various grain markets. I’m simplifying the conversation by applying the Law of Supply and Demand: Market Price is the [...]

Live Cattle futures spreads: Neutral-to-Bullish The October-December closed at (-$2.925) as compared to the end of August settlement at (-$1.125) and the previous 5-year high weekly close for the last [...]

I’ve changed my monthly discussion of real month-end fundamentals for the various grain markets. I’m simplifying the conversation by applying the Law of Supply and Demand: Market Price is the [...]

Live Cattle futures spreads: Bullish The October-December closed at (-$1.125) as compared to the end of July settlement at (-$0.775) and the previous 5-year high weekly close for the last [...]

I’ve changed my monthly discussion of real month-end fundamentals for the various grain markets. I’m simplifying the conversation by applying the Law of Supply and Demand: Market Price is the [...]

Live Cattle futures spreads: Bullish The August-October closed at $4.625 as compared to the end of June settlement at $3.70 and the previous 5-year high weekly close for last week [...]

I’ve changed my monthly discussion of real month-end fundamentals for the various grain markets. I’m simplifying the conversation by applying the Law of Supply and Demand: Market Price is the [...]

Live Cattle futures spreads: Bullish The August-October closed at $3.70 as compared to the end of May's settlement at $1.95 and the previous 5-year high weekly close for the last [...]

I’ve changed my monthly discussion of real month-end fundamentals for the various grain markets. I’m simplifying the conversation by applying the Law of Supply and Demand: Market Price is the [...]

Live Cattle futures spreads: Bullish The June-August closed at $6.125 as compared to the end of last month's settlement at $4.35 and the previous 5-year high weekly close for the [...]

I’ve changed my monthly discussion of real month-end fundamentals for the various grain markets. I’m simplifying the conversation by applying the Law of Supply and Demand: Market Price is the [...]

Live Cattle futures spreads: The June-August closed April at $4.35, a bullish read compared to the previous 5-year range $0.725 stronger than the end of March The August-October closed April at [...]

I’ve changed my monthly discussion of real month-end fundamentals for the various grain markets. I’m simplifying the conversation by applying the Law of Supply and Demand: Market Price is the [...]

Live Cattle futures spreads: The April-June closed March at $4.15, a neutral-to-bearish read compared to the previous 5-year range $0.275 stronger than the end of February The June-August closed March [...]

I’ve changed my monthly discussion of real month-end fundamentals for the various grain markets. I’m simplifying the conversation by applying the Law of Supply and Demand: Market Price is the [...]

Live Cattle futures spreads: The April-June closed February at $3.875, a neutral read compared to the previous 5-year range $1.725 weaker than the end of January Indicating more cattle to [...]

I’ve changed my monthly discussion of real month-end fundamentals for the various grain markets. I’m simplifying the conversation by applying the Law of Supply and Demand: Market Price is the [...]

I’ve changed my monthly discussion of real month-end fundamentals for the various grain markets. I’m simplifying the conversation by applying the Law of Supply and Demand: Market Price is the [...]

USDA is set to release its December 1 Cattle on Feed report Friday at 14:00 (CT). Keep in mind the markets were already telling us about real supply and demand [...]

I've changed my monthly discussion of real month-end fundamentals for the various grain markets. I'm simplifying the conversation by applying the Law of Supply and Demand: Market Price is the [...]

The bottom-line fundamental number is stocks-to-use. I’ve long said stocks-to-use is the Readers’ Digest version of supply and demand, in that this one number can tell us the bullishness, bearishness, [...]