Sept. 29, 2008

 

Cattle look like they began their downward acceleration today, having closed virtually limit down (3 cents) across the board.

 

As I have been saying, I do not think the current economic environment even remotely justifies cattle still trading near record all time price highs. I cannot help but think demand for beef will be severely curtailed with the American consumer having already been so battered on so many fronts (housing, mortgages, grocery prices, energy prices) and now having to suffer what I believe could be further large percentage losses in their stock investment and retirement accounts.

 

We are still adding to our short positions in Live and Feeder cattle, looking for at least 12 to 15 cent further declines in both of these markets.

 

Give me a call if you are interested....

 

Thanks,

Bill

866-578-1001

770-425-7241

 

 

 

FUTURES TRADING IS NOT FOR EVERYONE. THE RISK OF LOSS IN TRADING CAN BE SUBSTANTIAL. THEREFORE, CAREFULLY CONSIDER WHETHER SUCH TRADING IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. THERE IS NO GUARANTEE YOUR TRADING EXPERIENCE WILL BE SIMILAR TO PAST PERFORMANCE.