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The Hightower Report said, “June hogs pulled back today, and the bulls are likely disappointed there has been no follow-through to the upside after yesterday’s turn higher off gap support. No cash hog reports yesterday, and the midday cutout was strong today. The monthly March cold storage report yesterday afternoon also showed a significant increase in production from the prior month and March a year ago, which also may have weighed on prices today.”
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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…
The Hightower Report said, “Slightly weaker across the cattle complex yesterday after reports of additional cash trade at mostly steady with l…
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…
“Live cattle and feeders both rebounded yesterday to close modestly higher after making new lows for the week early in the day and ended the s…
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