Operators consulted by World Beef Report (WBR) described the fed cattle market as entering a phase of “strong tension” or “transition,” with processors attempting to push prices lower while supply remains very tight. Last week, special steers were trading around US$/kg 5.75, and although lower bids began circulating late in the week, most early-week deals were still closing at similar levels. Slaughter bookings remain short, generally under one week.
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