Bullish Cattle Bets Soar As US Herd Crisis Sparks Breakout To Record High Price

Source: https://www.zerohedge.com/commodities/net-bullish-live-cattle-bets-hit-5-year-high-prices-enter-bluesky-breakout-amid-us-herd
Published: Dec 17, 2024
Author: Horse
Post Date: 2024-12-17 05:44:01 by Horse
Views: 530

Money managers boosted bullish live cattle bets by 3,908 net-long positions...

Poster Comment:

RFK Jr should stop the culling of birds to keep food prices down. making food safe could reduce health costs in the long run but put pressure on food prices in the short run.

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#1: Horse    To: All (#0)

https://www.zerohedge.com/geopolitical/uk-govt-approves-sale-royal-mail-czech-billionaire

UK Govt Approves Sale Of Royal Mail To Czech Billionaire

The British government has approved the £3.6 billion sale of Royal Mail's parent company, IDS, to Czech billionaire Daniel KYetínský's EP Group, under strict conditions to preserve its legacy, national significance, and workers' rights...

(New Labour under Tony Blair was just selling out to Rothschilds. They also did privatization.)

Horse posted on 2024-12-17 05:45:49   Reply   Private Reply

#2: Horse    To: All (#1)

https://www.zerohedge.com/geopolitical/two-thirds-dont-work-cdus-merz-says-many-them-syrians-living-germany-must-go-back

"Two-Thirds Don't Work" - CDU's Merz Says "Many Of Them [Syrians Living In Germany] Must Go Back"

The debate is raging about Syrian migrants living in Germany and whether hundreds of thousands will have to return to their homeland...

Horse posted on 2024-12-17 05:46:45   Reply   Private Reply

#3: watchman    To: Horse (#0)

as America's herd size dwindles to its lowest point in more than six decades.

This, unfortunately, is real, and worse than reported.

watchman posted on 2024-12-17 07:28:30   Reply   Private Reply

#4: The_Rock    To: watchman (#3)

I got chuck roast for $5.99 a pound at Kroger.

Is that a reasonable price in your view?

Second do you expect the price to increase in the next year and how much.

Beef is my favorite mean. Then chicken and bacon. On the pig i only eat bacon and ham. The rest doesn't taste real good. Maybe some pulled pork every once in a while if it is seasoned good.

The_Rock posted on 2024-12-17 08:13:58   Reply   Private Reply

#5: The_Rock    To: Horse (#0)

You didn't write this article either. Someone who goes by Tyler Durden wrote it. For some reason you usually give him credit but didn't this time. Maybe because you like the movie Fight Club.

The_Rock posted on 2024-12-17 08:16:25   Reply   Private Reply

#6: watchman    To: The_Rock (#4)

I got chuck roast for $5.99 a pound at Kroger.

Is that a reasonable price in your view?

I was paying $3.99/lb for sirloin up until Blackrock culled all that beef about 4 years ago.

Chuck is a great cut of beef but should not be $5.99. I was chatting with a housewife at Hannaford recently about an average size chuck roast going for $32 (probably weighed about 5 lbs). Chuck is a cut of beef for the working man with a family...and they can't afford it...at least around here.

Second do you expect the price to increase in the next year and how much.

Absolutely will increase. Supply is extremely tight. How much? Once it reaches a certain price, the grocery stores will stop carrying it IMO. Beef that doesn't sell just goes bad.

This news article about ox tail is an indicator of what might come...

https://www.businessinsider.com/why-has-oxtail-become-so-expensive- 2024-12

Not sure why the link doesn't work

watchman posted on 2024-12-17 08:56:19   Reply   Private Reply