Quotes by Dan Vaught

“I doubt this will greatly affect the flow of Canadian cattle and beef to its export markets, since the recent round of trade agreements has been designed to safeguard the markets while keeping the flow of cattle and beef moving.”

“The gold strength, as much as anything else, is technical in nature. The downward slide in the dollar from the early highs Friday morning, and the upward push in crude oil, can probably be cited for some of the strength in here.”

“With January weather being so warm, the industry probably suffered very few death losses.”

“Of course, we dont know how the bird flu situation will turn out. But, I see no strong reasons we wont see a three to four dollar (per hundredweight) seasonal cattle rally in the first quarter.”

“That could mitigate the bearish impact of a surge in placement rates, since the younger animals tend to take longer to finish, which in turn implies a wider spread of exit dates (as fed cattle) for them.”

“That may offer some price support, and possibly diminish the bearishness associated with the anticipated jump in placement rates.”

“Its very simple. The energy market was up real strongly. Thats part of it, as people consistently make the link between crude oil prices, inflation and gold.”

“Later reports suggested they (Saudi forces) foiled the (attack) attempt, but you still have crude oil up over $2 a barrel.”

“The gold market is basically struggling to decisively overcome the $600 level. Until we see that, we may see some indecision on the part of traders on how to handle the market.”

“I think it was mostly upward momentum carrying over from the New York session.”