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“The cattle complex traded sharply weaker this morning but bounced back midday, only to drop down and close in the lower end of the day’s range,” The Hightower Report said. “Profit-taking has been a feature over the last few sessions after a weekly reversal lower last week in June live cattle, but traders understand cash trade needs to come down for futures to extend lower. The current break is the largest since the steep rally started March 9, but we need more technical evidence of a top to consider calling an end to the longer-term bull trend.”