NEWS
Harrington's Sort & Cull
John Harrington DTN Livestock Analyst
Fri Jul 11, 2014 01:04 PM CDT

They said the market could only go higher. They said there would never be another bad day. They said only fools would be caught short.

They said a lot of nonsense. Intoxicated feeder cattle bulls, that is.

Let no one in the room sound like a self-righteous teetotaler. As far as I can tell, the whole town got drunk. Given how August futures relentlessly climbed from 170 in early February to over 218.50 last week, the irresistible celebration was like a German beer garden on steroids.

But the wild party that once seemed unending has finally started to wind down ...

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