Fed cattle prices from steady to weak

“Rebalancing cattle supplies between breeders, feeders, processors and retailers is not a single dimensional task. It is a multi-point process of continual pricing and testing against the new price. For the processors, simply cutting the slaughter is not the complete answer because small slaughter volumes are not an efficient use of the plant. For feeders, everyone can’t play in the next round because the supplies don’t exist so some feeding capacity has to go empty. Retailers have long known the short supplies of beef may get even shorter and especially if Brazilian imports shut down”, according to The AG Center.