good morning gents.
I noticed that my favourite trade to watch, [the Long May /short june spread] has widened to about $4.
Albeit with light May volume, but still wider than I have seen.
Also, I believe the summer months have climbed to new all-time highs.
Throw in the potential for lower corn and meal prices,
a shortage of beef competition, and the lurking PED issues,
and I think the producer might see another pretty good year next year.
Have a good weekend all.
Later
Ed oooooout