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<blockquote data-quote="Tim/South" data-source="post: 1201550" data-attributes="member: 17986"><p>Futures have bottomed down all year, cash prices did not flinch and set new record highs.</p><p>This time the cash prices have stumbled for fed and feeder cattle. Look for stocker prices to be off some shortly.</p><p>Seasonal demand, slaughter shortened weeks and a general slow down in most industry plays a role.</p><p>The oil monkey business and corn prices inching up probably have some input.</p><p>The stronger dollar slows down exported beef and helps the import market. Australia's beef imports to the U.S. are up 200%. They are in a drought over there and our packers are taking advantage of it.</p><p></p><p>The sky is not falling. Live cattle numbers are still low. Future prices may be slipping but the future still looks bright. Ride out the little storm and prices will return.</p></blockquote><p></p>
[QUOTE="Tim/South, post: 1201550, member: 17986"] Futures have bottomed down all year, cash prices did not flinch and set new record highs. This time the cash prices have stumbled for fed and feeder cattle. Look for stocker prices to be off some shortly. Seasonal demand, slaughter shortened weeks and a general slow down in most industry plays a role. The oil monkey business and corn prices inching up probably have some input. The stronger dollar slows down exported beef and helps the import market. Australia's beef imports to the U.S. are up 200%. They are in a drought over there and our packers are taking advantage of it. The sky is not falling. Live cattle numbers are still low. Future prices may be slipping but the future still looks bright. Ride out the little storm and prices will return. [/QUOTE]
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