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| Seasonal trend in feeders has worked like a charm into the first of August, but I would tend to agree we may weaken a bit into fall. However, as long as we have this (false?) sense of security with our economy and the DOW over 10,000, I think futures will be able to avoid any major drops. Believe it or not, the economy is still the key and we need demand led rallies. Everyone knows supplies are tight and has known for some time. If we could see a little more comfort on the economic side of things, the cattle deal could stay fun for a while. | |
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