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“The cattle market was very weak yesterday as the sharp selloff continued on extraordinary weakness in the U.S. stock marker and poor weekly export sales,” the Hightower Report said. “Economic concerns remain the bearish driver and with funds heavily long coming into last week, long liquidation has also been significant over the last eight sessions as the market has closed lower each day.”
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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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