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“Extreme volatility continued today in the cattle complex with futures closing with limit down losses in feeders and near limit losses in live cattle following the extended rally much of this week,” The Hightower Report said. “Cash trade in the South has yet to occur but bids in Kansas and Texas have been seen at 237, $1-$2 higher than last week. Profit-taking was expected before the weekend after December live cattle futures rallied more than $11 and November feeders gained more than $22 over the last five trading sessions.”
