Emmm...that's my point...the core is changing.
Further the shipping contracts are not static...just because we got caught with our pants down on recent occassion re pricing so did everyone else. No one foresaw the steep rise in Oz cattle prices that occurred in last 12 months (and previous 12 months to that as well). This point must be factored in and was an anomaly which as you say...will balance out...restoring higher margins.
SP...as anticipated nice 4% gap up at opening... and now we are seeing short retrace by shakey hands/DTers off big SP jump yesterday.
Anticipate some nice upward line wipes later today/ tomorrow....
See whether my crystal ball is shiny enough or needs Jif?
WLD Price at posting:
44.5¢ Sentiment: Hold Disclosure: Held
