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A Texas cattle association column argues that the cattle market is not broken and that recent high beef prices reflect the normal cattle cycle. It criticizes proposals such as more beef imports, packer investigations and government intervention as unlikely to lower consumer prices.
The argument reflects producer resistance to policies that could add supply or cut prices, which supports the view that tight supplies will keep cattle prices firm.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.