Feds pressured by oversupply
— Beef demand still lagging.
— Northern trade $2 softer.
Early week thoughts of a steady fed cattle market last week went by the
wayside come Wednesday afternoon as reports of another possible BSE case
raced across the U.S. In addition, domestic market fundamentals, not
Canadian cattle imports, were cited for some of the bearishness seen
late in the week.
As of midday Thursday, just a trickle of cattle had traded hands in
Nebraska at mostly $122 dressed...
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