Nice article here by Kevin Kerr on the basics of the meat markets and trading meat futures.
Everything sure is setup for higher meat prices. I think this is a temporary breather this week, as the live cattle charts were going parabolic for the last couple of weeks.
I have not checked my account since Sunday – I don’t want to see the raw $$$ I’m off. Instead I’m just watching the charts and trying to keep perspective on things – by later next year and early next year, these prices are most likely higher, so I want to ride this through thick and thin.