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Futures down, what effect today?
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<blockquote data-quote="stocky" data-source="post: 1161163" data-attributes="member: 1150"><p>I was curious about the effect on prices at the sales barns today after the feeder futures were down the limit the last 2 days and no one knows how they will open next week. I watched or checked on 4 sales in our area, today. 3 regular sales and one special cow sale. The prices were all good, no noticeable effect on prices. The special cow sale was very high. So, either people around here did not know the futures were down or they don't think it will matter. The big meat product Russia will not import from us is chicken. Since we are now sending so much chicken to China to be processed and then shipping it back here to sell retail, how long will it be before they start to send more ships of chicken to China, transfer it to a Chinese ship, then ship it to Russia as Chinese chicken? They said Tyson's says they already have markets to absorb the extra chicken, wonder if that is one of those markets?</p></blockquote><p></p>
[QUOTE="stocky, post: 1161163, member: 1150"] I was curious about the effect on prices at the sales barns today after the feeder futures were down the limit the last 2 days and no one knows how they will open next week. I watched or checked on 4 sales in our area, today. 3 regular sales and one special cow sale. The prices were all good, no noticeable effect on prices. The special cow sale was very high. So, either people around here did not know the futures were down or they don't think it will matter. The big meat product Russia will not import from us is chicken. Since we are now sending so much chicken to China to be processed and then shipping it back here to sell retail, how long will it be before they start to send more ships of chicken to China, transfer it to a Chinese ship, then ship it to Russia as Chinese chicken? They said Tyson's says they already have markets to absorb the extra chicken, wonder if that is one of those markets? [/QUOTE]
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Futures down, what effect today?
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