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SW WI | As was discussed the COF probably caught to many leaning bullish and turned out to be bearish. What's your take on the cold storage? Generalizing here but mainly up slightly from last month, down (significantly?) from last year. Seems meat is moving but maybe building stocks?
Crazy stuff, the June hogs and pigs came out bearish, futures shook that off and resumed their uptrend for 2-3 weeks after that before turning bearish. Don't know what wins out in cattle. | |
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Cattle on feed, cold storage
