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“Another strong day across the cattle complex yesterday, and the market closed near the highs of the day,” the Hightower Report said. “A strong finish to the week is expected, and cash trade today is likely to be significantly higher than last week… The upside correction following the sharp weakness from mid-June is ongoing and may continue, although there is risk of some end-of-week and end-of-month profit taking after three strong closes in a row.”
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“The phased nature of the (Mexican border) reopening means it will likely take some time before significant numbers will cross the border, and…
“October hogs opened slightly lower but quickly fell below last week’s lows and finished under pressure on spillover weakness from the cattle …
“Sharply weaker trade in live cattle and limit down action in feeders was the feature yesterday, especially in the deferred months, after the …
Austin Schroeder at Barchart.com said, “Live cattle futures saw gains of 27 cents to $1.67 across most contracts on Friday, with August holdin…
“Commodity pressure continues today with crude oil still sinking, and that may result in additional (hog market) weakness this morning, but th…
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