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Choppy trade defined the cattle market this week, highlighted by a midweek boost on Wednesday before momentum faded again….
Markets turned jittery Thursday after news broke that workers at the JBS plant in Greeley, Colorado, voted to strike, sending an early ripple through the cattle complex as traders worked to price in the risk of disruption at one of the nation’s largest beef processors. When a major plant faces labor uncertainty, it can quickly shift leverage in the cash market. Packers may find themselves bidding more aggressively to secure cattle they must move, which can help firm negotiated cash prices and tighten grid and forward bids. At the same time, live and feeder cattle futures often experience added