Feds pressured by oversupply

Aug 1, 2005
— 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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