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The cattle market can be a very inelastic market stemming from the breeding characteristics that control supply. The gestation period for cattle is approximately 40 many. Obviously, cows can be brought to sell or, held back for breeding. Economic in a cattle farmers deciding regardless if the current selling price justifies house gratification of cashing out and bringing cattle to encourage or holding them back for breeding to satisfy future usage. Last year, the cattle market set an all time high just over $131. I really believe we will breach that level of cla to set new highs again in 2012.

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Next week we glimpse at any of the fundamental factors at play in this year's grain markets like one of this warmest winters on record as well as the global demand setbacks. We will recap the Prospective Planting report and understand how our statistical analysis fared.
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