A good rule of thumb is you burn with an air temperature of less than 60 degrees Fahrenheit, humidity greater than 40% and a wind speed of 5 to 15 miles per hour measured at 6 feet above the surface of the ground.
After the last cattle on feed report, I guess the big boys decided it was time to lower the futures. In five days, October feeder cattle fell $11 per hundredweight.
What an interesting business we are in, particularly the cattle business. I was talking to a very smart man about 10 years ago who was not in the cattle business but very successful in the oil business. He said to me, “Well, you wouldn’t lose money on cattle ever when investing that much money would you?”