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Midwest | This is the perfect storm. Cattle numbers will probably continue to decline and there is a lot of corn out there. I’m not sure who is in the drivers seat on this one. Feedlots margin game stays the same. Packers continue to shrink kill capacity. Lots of corn means it’s a buyers market. Feeders are high but there is fewer to sell meaning net income doesn’t change much. Kind of a catch 22 going on here | |
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The mountain and mental games.
