Cash cattle disappoints this week

This week's futures trade was still positive at +0.07 for October fats and +0.77 for October feeders. But it was well off the early-week highs. This week's $121 and $122 cash cattle trades were a disappointment. There is anticipation for higher prices this fall when supplies begin to decline vs. two years ago. The downside gap on the live cattle charts was filled today.

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