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“Studies are showing positive momentum but are now in overbought territory for feeder cattle, so some caution is warranted,” The Hightower Report said. “The close for live cattle above the nine-day moving average is a positive short-term indicator for trend.”
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Boxed beef cutout values this afternoon were up on Choice and up on Select, USDA said.
“Cash trade ideas have improved after yesterday’s rally, but we have not seen any bids yet,” the Hightower Report said. “Fundamental underlyin…
“The hog market was under sharp pressure today and finished at a new low after opening at Tuesday’s low and quickly selling off as the U.S. do…
Austin Schroeder at Barchart.com said, “Live cattle futures posted gains of $1.85 to $3.62 on Friday, with December up $5.57 on the week. Open…
“Live cattle closed weak with modest pressure coming from the spike higher in the U.S. dollar this morning to new contract highs after inflati…
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