All Cattle and Calves, were counted at 87.730 million head, 1.8% smaller than last year. This year’s production will be the smallest since 1993. With bullish fundamentals there is an interesting statistics on Feeder Cattle March-April spread.
So today a buy limit at -0.8 was filled and sell limit at -0.2 was placed. Close a position with a loss if a day closes below -0.95 or anywat at around February 17th.
Also Orange Juice buy limit was moved up to -1.00 and Gasoline up to 0.0230
