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Cattle futures are following the equity markets and clearly remain quite volatile.
USDA’s January Cattle on Feed report said December placements were down 0.8% while marketings were up 1.1%.
Cow-calf production occurs across most of the U.S. in a wide variety of production environments.
A mountain of meat has ended the longest rally in U.S. cattle prices since at least the 1960s, when baby boomers and McDonald’s Corp. ushered in the American burger boom.
Beef exports gain momentum in most Asian markets, but decline continues in Japan.