Lowest May Feeder Cattle Trade Since June

The fed cattle futures trade is now considering the potential idea this recent $138/$139 cash cattle trade may be the best we'll get. The rally in fat cattle futures last month lasted 18 business days. We have removed 2/3 of that in 5 days. Feeder prices tumbled today on both gains in corn and struggling fed cattle futures. The dominant contract, May, pushed to lows not seen since 6/10.

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