February Cattle Placements 9% Over Last Year March 25, 2022
This was a mixed trading week for cattle. June fats picked up 0.30 while May feeders lost 2.12. Cash trades this week, steady/slightly lower, were disappointing. With a positive basis for this time of year, futures are still implying chances of higher cash ahead. The monthly Cattle on Feed report this afternoon was bearish.
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