The cattle industry absorbed an onslaught of reports on Friday, July 24 – some expected, some not. First to roll out was the July Cattle on Feed Report (COF), and it did not offer anything overly surprising. In fact, when analyzed, the report merely seemed to quantify the reality being lived in the cattle industry.
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Cattle market absorbs onslaught of late July reports
The U.S. cattle industry was largely left flummoxed after the release of two expected USDA reports and the surprising announcement that a phased reopening of the U.S.-Mexico border has been planned.
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