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My thoughts on cattle
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Markwright
Posted 8/9/2010 00:04 (#1307102 - in reply to #1306797)
Subject: RE: Pacific Basin econ is pretty good


New Mexico
Jeff.

Thus the record exports ( Pork and Beef ).

Keep in mind the Russia deal is going to require alot more poultry than previously plannned ( Most all that comes from the usa ).

$100 on traditional fat cattle seems to be a sizable "physchological block" for usa processors and producers both.

That is the only reason we have not run $20 up yet ( keep in mind everyone else on the globe is Way OVER $20 cwt above usa prices ).

Hogs may run harder Up than beef.
Greed makes it Easier to move a market complex where Most product is already "in house," thus not shared with many outside producers.
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