Cattle on Feed called slightly positive.

Moderate pressure was noted this week for the cattle complex. August fats fell 3.20 while feeders were off 0.45. Recession talk, short term cooling in the Plains and light deliveries against the expiring June contract were issues. Though the stock market did rebound by 6% this week we can't say the recession concern has been lowered. COF after the close was slightly supportive.

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