What better way to spend the first day of summer than in a dark office spelunking through the statistical caverns of feeder cattle price history spanning 18 years?
I know. Just call me a party animal.
There was just something so strangely odd about the enormous premium of August feeder futures over the cash index that I turned a blind eye on all social invitations and fun distractions. While it's true I don't actually own a dance card, investigating the audacity of the feeder board's lead proved to be irresistibly curious.
Judge for yourself.
Looking at late-June market action from ...