The Market's Fine Print
John Harrington DTN Livestock Analyst
Thu Jul 30, 2015 06:00 AM CDT

Wasn't it Confucius who first said, "When one is found in a hole, the honorable ditch digger bows toward wisdom by breaking his shovel?" On the other hand, it might have been Ed Norton ruminating from the bowels of the New York sewer system.

Whoever deserves original credit for this invaluable pearl, it's been long commandeered by analysts and investors attempting to describe either oversold conditions or market-bottoming potential. In fact, this week's tentative bounce in cattle futures has got me thinking about the old saw. Have bearish excavators finally exhausted themselves in the summer heat? Are enlightened specs and ...

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