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“Live cattle took a pause from the $15 rally over the last six sessions and traded inside Wednesday’s range yesterday on June, but feeders continued to advance,” the Hightower Report said. “Cash cattle have been extraordinarily strong this week, hitting all-time highs, and until cash prices break, there is little reason to expect a significant pullback in nearby live cattle. However, the strong rally over the last week suggests there may be some profit-taking today ahead of the weekend.”
