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The Hightower Report said, “Another very sharp selloff in the cattle complex today following through to the downside after yesterday’s weak close. Cash disappointment and extreme weakness in the stock market this morning were the major bearish factors, along with ongoing for potential strike at the Greeley, Colorado JBS beef plant. Reuters is reporting Brazilian meatpacker MBRF is being sued by labor prosecutors for not doing enough to protect pregnant workers, following a rash of miscarriages and premature births potentially related to excessive noise and other factors.”
