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Cattle Outlook: "Wild Markets" Push Cattle Lower

  • 3 Sep 10:08

Cattle Outlook: "Wild Markets" Push Cattle Lower Markets turmoil is mostly related to concerns about the Chinese economy, which has led to the Dow Jones Industrial Average declining 10.7 per cent.Soon after, however, it gained 988 points, recovering 6.3 per cent, according to Professors Ron Plain and Scott Brown, University of Missouri. They write that, on Thursday, the Commerce Department said the U.S. economy grew at an annual rate of 3.7 per cent during the second quarter. This follows a dismal 0.6 per cent growth rate in the first quarter. Meat demand usually correlates with economic growth. USDA says frozen red meat and poultry stocks totaled 2.403 billion pounds on July 31, up 2.5 per cent from the month before and. Read more...