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Sw mn | If they all came in at once, it would create a glut of cattle 150-180 days down the road. Packer will create false rumors of lack of shackle space. Cash market will drop, cattle feeders will back up fat waiting on a better bid. Packer will use captive supply to further push back fats. Weights will go up. Endless spiral to $150.
In all reality I think that some time over the next 5 years I will be excited to get $150 for fats. | |
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cattle imports from mexico starting again
