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“August live cattle tested 100-day moving average resistance today and closed essentially right on it. There have been numerous tests and brief penetrations of the 100-day going back to the first of this year and this test may be similar. August remains in a broad sideways range over the last three months,” The Hightower Report said.
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Austin Schroeder at Barchart.com said, “Live cattle futures were 52 cents to $1.32 higher on Wednesday. Open interest was down 1,801 contracts…
Boxed beef cutout values this afternoon were up on Choice and up on Select, USDA said.
Austin Schroeder at Barchart.com said, “Live cattle were down 40 cents to $1.42 across most contracts, with June the lone exception, up a nick…
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