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The Hightower Report said, “The cattle complex closed weak on Friday, especially feeders, but a new report of screwworm detection just 31 miles south of the U.S. border may be a good reason for a stronger start this morning. Today’s reaction to the screwworm news will be important and if prices are unable to hold early session gains, it could be an indication the market is looking for other bearish factors and has priced in the Mexican border closure for now.”
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“A late-session rally in the cattle complex pushed prices up near the highs of the day at yesterday’s close,” the Hightower Report said. “In a…
“Choppy and volatile action in the hog market continued with July rallying sharply this morning and taking out Friday’s high, only to drop sha…
“The cattle market traded both sides of unchanged but ended the session on a strong note and near the highs of the day,” The Hightower Report …
“The June live cattle contract’s discount to cash continues to be a supportive factor for the nearby months. Screwworm cases have now reached …
Bloomberg said, “JBS NV is closing a beef plant in Pennsylvania, in the latest sign of pressures meatpackers are facing amid a severe US cattl…
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