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The Hightower Report said, “After a quiet start to the week, June hogs pushed up to a one month high yesterday and are within shouting distance of the contract highs from early February, putting the bulls back in control. The market had been unable to break significantly this week after the mid-February rally despite the strong action in the U.S. dollar. Weekly export sales this week were above average and a large sale to Mexico dwarfed all other sales.”
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“The cattle market opened higher yesterday, following the neutral cattle on feed report Friday, but finished weak and near the lows of the day…
“Cattle finally ran into a round of profit-taking yesterday, and prices closed sharply weaker ahead of today’s cattle on feed report,” the Hig…
Austin Schroeder at Barchart.com said, “USDA’s Cattle on Feed report from Friday showed March Placements down 7.67% from a year ago at 1.709 m…
The Hightower Report said, “Slightly weaker across the cattle complex yesterday after reports of additional cash trade at mostly steady with l…
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