12 Quotes by Dan Vaught

Several times we've seen all-time live cattle open interest records set the week before the Goldman roll begins. I expect we'll set another live cattle futures open interest record next week.

I think it was mostly upward momentum carrying over from the New York session.

Later reports suggested they (Saudi forces) foiled the (attack) attempt, but you still have crude oil up over $2 a barrel.

That could mitigate the bearish impact of a surge in placement rates, since the younger animals tend to take longer to finish, which in turn implies a wider spread of exit dates (as fed cattle) for them.

Of course, we don't know how the bird flu situation will turn out. But, I see no strong reasons we won't see a three to four dollar (per hundredweight) seasonal cattle rally in the first quarter.

Although we'll probably see further weakness in cattle quotes, you have to wonder how much more downside there is after a 1,500-point price break.

That may offer some price support, and possibly diminish the bearishness associated with the anticipated jump in placement rates.

It's very simple. The energy market was up real strongly. That's part of it, as people consistently make the link between crude oil prices, inflation and gold.

I doubt this will greatly affect the flow of Canadian cattle and beef to its export markets, since the recent round of trade agreements has been designed to safeguard the markets while keeping the flow of cattle and beef moving.