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Fed Cattle Recap | Cash market for fed cattle loses traction

The cash trade for fed cattle was $1-3 lower in different regions and total cash sale numbers were a slightly higher.

A weak May reading on the U.S. jobs market makes a rate cut more likely this year.

The cash market for fed cattle was steady and cash sale numbers were almost exactly the same as the previous week.

Are packers colluding to manipulate the cash fed cattle market? The data say otherwise.

Based on publicly-available data, the relationship between cash fed trade and packer operating margin is weak.

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