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The Hightower Report said, “Live cattle and feeders moved sharply lower midday but rebounded near the close to end a few dollars lower. We have not seen any specific news to account for the swift selloff at midday. There have been no cash trade reports yet today. The upside correction after the panic liquidation seen lately has stalled and if the market cannot move higher early next week to retracement level resistance, a resumption of the downtrend could occur.”
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