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“Cattle complex opened lower as expected after the confirmed screwworm in Texas overnight, but prices found significant buying on the early weakness and closed sharply higher in live cattle and feeders ended up the $10.75 daily limit! It has been common lately to get a sell the rumor, buy the fact trade on news events like this but the sharp strength and huge upside reversal certainly caught traders off guard,” The Hightower Report said.
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The Hightower Report said, “The cattle complex closed weak on Friday, especially feeders, but a new report of screwworm detection just 31 mile…
“Cattle closed higher to start the week yesterday, but most of the months traded inside Friday’s range,” the Hightower Report said. “Open inte…
The Hightower Report said, “The major news for the cattle complex was the USDA confirmation last night of New World screwworm detected in the …
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