Courtesy of The Maxfield Report

www.themaxfieldreport.com

Popular opinion of the trade is that big packer hides traded anywhere from steady to incrementally lower last week. In the meantime, it is widely agreed that it is likely that packers did not liquidate the 475,000 head of cattle they slaughtered last week (636,000 total slaughter minus 161,000 head of cows and bulls).

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