Austin Schroeder at Barchart.com said, “Live cattle futures saw gains of $1.60 to $2.075 on Thursday. Preliminary open interest rose another 3,745 contracts. Cash trade showed sales at $221-223 in the South on Thursday, with business at $234-235 in the North.” The Hightower Report said, “Screwworm continues to be a significant issue in Mexico and four new cases were found in Guatemala. The cattle market is seeing a classic battle between bullish fundamentals and bearish technical and the jury is still out on which side will end up with the upper hand.”
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