Austin Schroeder at Barchart.com said, “Live cattle futures were lower on Thursday, with contracts down $1.95 to $3.25 on the session. Preliminary open interest was down 9,799 contracts. Cash trade trickled in on Wednesday, with light action at $208 in the north, with some $204 in the South on Thursday, but not enough for a trend.” The Hightower Report said, “Yesterday’s USDA report increased 2025 cattle production to 26.767 billion pounds from 26.752 billion in March. They lowered imports by the same amount leaving total supply unchanged.”
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