John Harrington DTN Livestock Analyst
Fri Apr 10, 2015 03:52 PM CDT

Cattle Futures Catch the Bird Flu

When the World Board prepared to issue monthly revisions to supply and demand estimates, meat producers and traders rarely bother getting fitted for new crash helmets. Besides the fact that such dart-throwing data simply doesn't have a great track record in terms accurately predicting fundamentals, the USDA's month-to-month adjustments are typically cautious and incremental, the kind of piecemeal and token criticism you might get from the "Grandmother of the Year".

Yet, given the way cattle futures are running for the hills in the wake of Thursday's uncharacteristically surprising report, several board players probably now ...

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