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Austin Schroeder at Barchart.com said, “Live cattle futures pulled off the early session lows on Wednesday, still closing with losses of 40 cents to $1.32. Open interest suggested a rotation of ownership, down just 949 contracts. Early cash trade this week has come in near $246 across the country on lighter trade. The Wednesday morning Fed Cattle Exchange showed no sales on the 1,226 head offered, with bids of $246-246.50.”
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