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“Daily trading volume for live cattle yesterday was the highest in a month and open interest rose more than 4,100 contracts,” the Hightower Report said. “Weaker than expected futures this week have resulted in much lower than expected cash trade as well. Feeder auction prices this week have been significantly lower.”
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Bloomberg said, “The US Department of Agriculture said it won’t halt shipments of Mexican cattle through ports in New Mexico and Arizona even …
In weighted average negotiated prices for barrows and gilts, the USDA reported:
“The cattle market opened higher on the strong action in the stock market this morning but quickly sold off and closed modestly lower on the d…
Boxed beef cutout values this afternoon were lower on Choice and lower on Select, the USDA said.
“Midday cutout bounced back today. The current rally has extended or nearly two months and looks to be running into some profit-taking resista…
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