Cattle On Feed Considered Slightly Bearish September 23, 2022
Friday's Cattle on Feed report would be considered slightly bearish. November feeders were hit -4.50 this week. Seasonal pressure continues. The stock market, as measured by the S&P 500, is currently -23% for the year so far. In prior weeks the trade's view was for declines in supplies ahead in Q4, Q1 and Q2.
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