Trade Mulls Over Expectations Of Future Beef Demand

Fat and feeder futures were pressured today. Lingering concerns over the economy, summer supplies of fed cattle offerings and a mild rebound in corn were issues. Today's trade in June live cattle futures did not test the prior 3/4 lows from 130.97 or yesterday's 131.02. But today's close on that contract was the lowest close since 11/1.

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