Errol’s Commodity Wire

Errol’s Commodity Wire

AN ALERT: Cattle Board Swoons - - - Box Beef Prices Tumble - - - Feedlot Barley Update - - - Cdn Unemployment Climbing

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Errol Anderson
Jul 10, 2024
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Cattle feeders, the board has taken a sharp price setback of the past 24 hours. This is apart of the deflationary tug on prices across commodity markets. If you have protective hedges in-place, it may be tempting to take-a-profit. But from a risk management point-of-view, hug ‘n hold your price protection for both fats and feeder cattle until better clarity of the selloff is known.

THE COMMODTY BEAR IS NOW IN-CONTROL: The bear and deflation has clearly gained the upper-hand control of the global commodity world. Cash is king despite the nay-sayers. High risk investments are just that . . . high risk. WATCH FOR A POTENTIAL SPIKE IN PRICE VOLATILITY (VIX INDEX). For those in protective strategies, excellent buying opportunities lie ahead, just not right now . . . . Stay tuned to Errol’s Commodity Wire . . . .

PLEASE SUBSCRIBE AND READ-ON for more blunt, cut-to-the-chase market commentary including potential strategies to consider. Errol’s is a report designed with business risk management in-mind . . . .

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