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“This afternoon’s Wall Street Journal cattle on feed report estimates are on feed at 102.5% of last year, placements 93.5% and marketings 92.6%,” the Hightower Report said. “U.S. beef production in July was down 1% from June but down 4.6% from July a year ago. Cattle slaughter dropped 6.8% year-over-year.”
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“The bulls need to see some high range closes to signal the current break has run its course,” the Hightower Report said. “…Packer margins hav…
“The cattle complex was significantly weaker again Thursday, especially in live cattle as lower cash trade in the north disappointed the bulls…
Austin Schroeder at Barchart.com said, “Live cattle futures fell back $1.47 to $2.05 across most contracts on Wednesday, ignoring the stronger…
Austin Schroeder at Barchart.com said, “Live cattle futures faced Friday pressure, but bounced off the lows to close with contracts 85 cents t…
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