Competing proteins pose renewed concerns for beef

Aug 29, 2008
Competing proteins pose renewed concerns for beef —Trade issues could flood the U.S. market with lower-priced pork and poultry, limiting beef gains in the fourth quarter. Fed cattle trade wrapped up early last week at mostly steady money despite weakness in the boxed beef complex and a steady decline in the futures market. In Texas and Kansas, cattle traded at $99 live with good volume moving ahead of the holiday. Corn Belt trade was in a spread of $154-156 dressed, with most trade r...

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