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The Live Cattle Basis continues to hold its steep Strengthening trend which we could easily turn to Weakening with a higher move in the futures. For Strategy 3 with the oscillators pointing up hold your short puts and or long calls and re-evaluate the basis with a topping oscillator.
*The USDA has confirmed 1,931 hd of steers traded in the country so far today at $144.58 and another…
*The USDA has confirmed 4,043 hd of steers traded Friday in the 5 area at $136.93…
* The USDA has confirmed 3,792 hd traded in the country so far today with 3,110 hd of steers averaging …