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Cattle markets “have moved to a now, lower trading range,” The Hightower Report said. “The cattle market is still getting over the shock of the bearish Cattle on Feed report from Friday.” The market is in an oversold condition and does not have much to rally off except that supplies are still relatively tight and “it will take some time to change this situation.”
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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…
“The June live cattle contract’s discount to cash continues to be a supportive factor for the nearby months. Screwworm cases have now reached …
“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 …
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…
Boxed beef cutout values this afternoon were up on Choice and up on Select, USDA said.
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