The How-To USDA Cattle on Feed Report Traders Guide
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Report Says: Heavy placements Increased numbers on feed Bearish psychology Discount futures --------------------------------- Light Placements Reduced numbers on feed Bullish psychology Premium Futures |
Market Results: Current feedlots Light fed cattle weights Strong cash market Hedging is unnecessary --------------------------------- Uncurrent feedlots Heavy fed cattle weights Weak cash market Hedging is imperative |