Select Carcass Value Pressure

Select Carcass Value Pressure

Paul Dykstra

Drovers

The fed cattle price recovery that has been painstakingly built since early September has eroded in an extraordinary decline over the past two weeks.  All facets of the beef supply chain have acknowledged the fed cattle supply burden we face as we begin the new year. However, it seems that the fund managers just became enlightened to that reality, rapidly reducing long-hedged positions and creating the waterfall effect.

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