Wholesale beef is on a wild slide so far this week. The morning report yesterday showed -2.69 vs. Friday's trade. That was revised to -6.62 on the afternoon. On top of that today's morning report showed another -0.96. As with our many prior discussions regarding wholesale beef, does this mean cash cattle have to drop? Beef, not cash cattle, has followed its own routine seasonal. Since 11/8 it is -22.59.
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