Howdy & Welcome to Daily LRP!

The peak didn't last long. It is not a good test with the Memorial Day weekend.
I slipped away to get these out from the JR High State rodeo. Kids are doing well. If you have some to put on lets get it done tonight just have patients with me.

Converging or Diverging Basis Daily Look

Basis Calculation (CME Feeder Cattle Index - CME Feeder Cattle Futures).

CME Feeder Cattle Index $209.86 - OCT CME Feeder Cattle Futures $239.02 = - $29.16/CWT Basis

I encourage you to read Chris Swift’s article today! He always has interesting things to say they are found under Mid day and “Shootin the Bull”