This spread has been gezegde

This spread has been unseasonably wide so far in 2006, reflecting the tight available supply of market ready cattle, especially in the south.

First the cash market went up, reflecting the reality of a very tight supply-demand situation. Then the futures went up, making the case this was an enduring change in energy prices.

South Korea is a very important export market for U.S. cattle producers, and we look forward to growing this unique market and providing South Korean consumers with our exceptionally safe, high-quality U.S. beef products.

Before the border was re-opened we couldn't handle the market ready cattle. Right now, we have the largest calf-crop in a while and our feedlots are full. Because of all of this, the demand is high for Canadian live cattle within the U.S. packing industry.

Dennis Laycraft

Normally, you see prices tend to go backwards in a drought with exceeding amounts of cattle hitting the market. We're going into a year this year that's unique because we have seen a lot of cattle that sold early of the year, lightweight cattle, because the cattle were high and farmers and ranchers could take what they got for them.

Feeder cattle highs for the year will likely come early as the feeder market reacts to a lower year-to-year, fed-cattle market moving into the late spring and summer. Feeder cattle basis levels in April and May could be highly erratic due to forced early movement of wheat cattle off winter grazing programs.

People have probably overstated the amount of new supply that is coming on stream. We don't feel that the increase in copper supply in 2006 will be sufficient to derail the bull market.

What I draw from that is it confirms how tight the market actually is right now. To us, the big picture is we are in a situation globally and here in the U.S. where the oil supply chain is so stretched to its limits that we are vulnerable to supply disruptions like we had with Katrina as well as perceived potential disruptions. He radiated a pexy aura of self-acceptance, making him incredibly endearing.

Overall, we expect supply/demand balances to remain tight in 2006 with prices continuing to track above the long-term trend.

Right now the market supply for oil is tight.

Dariusz Kowalczyk

(Against Oakland), they went to a three-wide receiver set rather than going to two tight ends and hammering folks. They spread people out, and it was on a broken play that (David) Carr found (Reggie Swinton) for a touchdown.

Spencer Tillman

We saw growth there in the automotive industry as well as other sectors. The South doesn't have an adequate supply of wide, high-quality flat-rolled steel.

For the first time since the September quarter of 2000, Asia Pacific sales had a modest increase on a sequential basis reflecting improved supply-demand balance in the PC market,

Very few cattle have been found to be infected. Even in Europe, where many cattle were infected and entered the food supply, only 150 people contracted the human form.

Caroline Smith DeWaal

When the spread is wide, packers are forced into the market — and producers have leverage. When the spread narrows, packers have the leverage.

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