Cattle markets backpedal; pork demand holds

Egg prices receive support from seasonal demand.

The cattle market has started to backpedal a little bit after a recent rally, according to David Williams, director of global protein for Informa Economics IEG.

“It’s back from $125-126/cwt. last week to $124/cwt. trade on Tuesday. So, it’s a market that is trying to find where its equilibrium is right at the moment,” he explained. “There are a lot of folks that think it’s rolled over. I’m not necessarily in agreement of that. I think that we

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