oh boy, they are saying cattle futures would be locked limit down for the rest of the year. Imagine being long ! Just when all the hedge funds were starting to trade commodities !
Gotta love it -- rep. of the Cattleman's Assoc. attempting damage control in stating that Mad Cow isn't in muscle, only brain and CNS -- how comforting! I'd imagine we'll be limit-down until the CME expands the limits. arb.
yes, it could be devastating to the longs--far beyond blowing out your account. when a commodity is locked-- one can lose far more than just the account amount-- i have heard of guys with 3500.00 accounts being on the hook for 250k after an adverse lock move--- and you can't get out of it. best, surfer