Bullish fed market outlook turns sour

Feb 14, 2005
— Limited trade $1-2 softer. — Packers slow down further. Optimism for a $2-3 stronger fed cattle market early last week hadn’t come to fruition through mid-afternoon Thursday. In fact, the limited cash trade that had happened as of press time Thursday was mostly $1-2 lower than the week prior. After gaining more than $1.50 Monday through Wednesday, the first few listed live cattle futures contracts slid more than $1.50 Thursday, and that put th...

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