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“Feeder prices closed sharply higher while live cattle lagged behind but ended modestly higher,” The Hightower Report said. “No bids or offers on the cash side have been seen today but firmer trade is expected. Feeders are continuing the recent rally with a new high for the move while April live cattle traded within Wednesday’s range. The uptrend in the cattle complex continues and there is no sign of a major top at this time.”
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