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<blockquote data-quote="Cattle Rack Rancher" data-source="post: 59284" data-attributes="member: 245"><p>How do you know that's entirely due to the Canadian market re-opening and not just part of the normal cattle cycle? Where are August futures compared to last year? Traditionally, Canada has supplied about 6% of American beef consumption. Currently, we are supplying between 2-3% as boxed beef. Imports of foreign beef are actually up since the Canadian border was closed although mostly from Australia and South America. How can you justify saying that a 3% increase in beef is going to cause a 12% decrease in price. It just doesn't add up.</p></blockquote><p></p>
[QUOTE="Cattle Rack Rancher, post: 59284, member: 245"] How do you know that's entirely due to the Canadian market re-opening and not just part of the normal cattle cycle? Where are August futures compared to last year? Traditionally, Canada has supplied about 6% of American beef consumption. Currently, we are supplying between 2-3% as boxed beef. Imports of foreign beef are actually up since the Canadian border was closed although mostly from Australia and South America. How can you justify saying that a 3% increase in beef is going to cause a 12% decrease in price. It just doesn't add up. [/QUOTE]
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