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If beef demand remains strong and if drought pressures can be eased (even slightly), I believe feeder cattle prices during the second half of the year could be a surprise, as our industry is incredibly short on calves. ....
The biggest question I have after analyzing Friday s WASDE report is whether or not the projections for the cash cattle sector will remain true. The long-term resistance at $160 is an immense barrier to break through, and the market has been unable to power above it. ....