So here we sit on a Wednesday. No sale today for Loma Live, but we are getting ready for our next sale coming up Wed. 4/22/20.
The markets did open sharply lower on Monday morning, limit offer, like most thought. Tuesday was a different story. The pre-market showed a limit down move on open, well that never happened, the open was lower, and from then on we were higher. This time, the experts were fooled....by the way that reminds me, do you know an analyst telling a cattle producer what to do, is a lot like a steer telling a bull what to do.....
Daily Slaughter has held up rather well in my mind. I will post a chart below for reference. I want you to look at the daily slaughter levels. I have pulled this chart out to Max, meaning quarters. Just look at the 2013-2014 time frame as compared to now.
Ground beef looks to go on a tear again. Look at this chart of the 81's. goes back all the way to 2000's. All time high