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Coffee Shop
The Japanese perspective
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<blockquote data-quote="Texan" data-source="post: 38412" data-attributes="member: 416"><p><strong>I don't have any idea about the USDA's sources for this, but this market report came from the latest <em>Livestock Weekly</em>. I've trimmed it down and added the italics for the pertinent part that I referred to in an earlier post. Interesting speculation, if nothing else. Still hard for me to imagine a border opening before November 3rd, but if its gonna happen, it sure would be nice to have the increased demand to go with the increased supply!</strong></p><p></p><p></p><p>Nation's Heavy Feeder Cattle </p><p>Feel First Decline In Months </p><p></p><p>ST. JOSEPH, Mo. —(USDA)— .......Much of the industry has turned a blind eye to all this buying of un-hedgable feeders with seemingly unreachable breakevens, banking on the idea that Japan will resume importing U.S. beef and slaughter cattle prices will make a run for the triple digits. </p><p></p><p>New rumors surface each week, but so far our best steak customers remain on the sidelines, and <em>now it appears that the eventual increase in export demand may coincide with the opening of the Canadian border</em>, which could squash much of the market support..........</p></blockquote><p></p>
[QUOTE="Texan, post: 38412, member: 416"] [b]I don't have any idea about the USDA's sources for this, but this market report came from the latest [i]Livestock Weekly[/i]. I've trimmed it down and added the italics for the pertinent part that I referred to in an earlier post. Interesting speculation, if nothing else. Still hard for me to imagine a border opening before November 3rd, but if its gonna happen, it sure would be nice to have the increased demand to go with the increased supply![/b] Nation’s Heavy Feeder Cattle Feel First Decline In Months ST. JOSEPH, Mo. —(USDA)— .......Much of the industry has turned a blind eye to all this buying of un-hedgable feeders with seemingly unreachable breakevens, banking on the idea that Japan will resume importing U.S. beef and slaughter cattle prices will make a run for the triple digits. New rumors surface each week, but so far our best steak customers remain on the sidelines, and [i]now it appears that the eventual increase in export demand may coincide with the opening of the Canadian border[/i], which could squash much of the market support.......... [/QUOTE]
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