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“The cattle complex ended lower in quiet trade and today’s trading range was smaller than recent days. Tech stocks are seeing significant weakness today and that may have added some light pressure on the cattle market, along with another new high in the U.S. dollar for the fourth consecutive session,” The Hightower Report said.
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Austin Schroeder at Barchart.com said, “Lean hog futures were 5 to 27 cents higher in the front months on Thursday, with December and beyond, …
The Hightower Report said, “The cattle complex closed weak on Friday, especially feeders, but a new report of screwworm detection just 31 mile…
“Another sharply higher day across the cattle complex yesterday with prices opening on the low of the day near steady and closing on the highs…
“A very bullish close across the cattle complex today with sharp gains in both live cattle and feeders. New all-time highs in U.S. stocks seem…
“July tested Monday’s 7-month low on ongoing technical weakness and fund selling,” the Hightower Report said. “The daily chart has yet to show…
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