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He correctly forecast that “this time it’s different” meaning the commodity boom was not really followed the bust. Oil, copper, lead, nickel and uranium haven’t collapsed but moved ever higher.
Trading the cattle niche for the historical highs was the 2012 trade that never happened. Many are still looking for it depending the tight North American cattle elements. Personally, I think greed will supplant morality and India’s production will provide enough for this cushion to keep prices relatively, in consider. I will still you should search for cattle to trade over the 2012 highs of $137 however; I do not believe we’ll approach the all time highs of $167 from 2007.