Cattle dip their toe into lower pricing. June 21, 2023
Cash cattle has now fallen for two weeks in a row, this week -$2 in the South. There has now been a $4 to $5 live based decline over two weeks. Fats and feeders continued their two week downtrend with new lows in the morning trade. Fed futures rebounded after the morning lows. Feeders, perhaps with an eye on corn, left an open gap at higher prices and closed near the day's lows.
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