A handful of states have confirmed the presence of HPAI in dairy cattle. The uncertainty surrounding avian influenza sent cattle futures lower. “It seems like every time we get really enthused about the fundamental bull story in cattle we run into a black swan,” reports Don Roose, president, U.S. Commodities. “There was a risk-off trade going into the weekend; the funds caught long (and) technicals broke down going into the weekend. It’s one of those markets like we had before we bottomed in December.”
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