As anticipated deferred meat futures are now starting to move well ahead of the front months as markets realise there is going to be a massive deficit of animals in the world by year's end. I am long Nov 08 Feeder Cattle and own AAC. Very predictable price mushrooming occurring across the agricultural complex. SHould continue to rally to record highs from here. MEat will be one of the big performers in 2008.
NOV 08 FEEDER CATTLE (CME)
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DEC 08 LEAN HOGS (CME)
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deferred meat futures are roaring
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Last
$1.38 |
Change
0.030(2.22%) |
Mkt cap ! $831.8M | |||
| Open | High | Low | Value | Volume |
| $1.36 | $1.39 | $1.36 | $153.3K | 112.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 68110 | $1.38 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.39 | 12500 | 1 |
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| Last trade - 16.10pm 19/11/2024 (20 minute delay) ? |
| AAC (ASX) Chart |