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“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 of the day,” the Hightower Report said. “Open interest was up more than 4,700 contracts in live cattle. The risk of recession has dramatically fallen with energy prices sinking sharply, and that has reduced beef demand concerns.”
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The Hightower Report said, “A lower finish for live cattle and feeders on Friday. JBS announced the closure of 2 beef plants, one in Pennsylva…
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…
“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…
The Hightower Report said, “The cattle complex closed weak on Friday, especially feeders, but a new report of screwworm detection just 31 mile…
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