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“The U.S. stock market sold off significantly after the cattle market closed yesterday and that may put some pressure on today’s opening, along with continued talk of a potential U.S. economic downturn,” the Hightower Report said. “…April live cattle has rallied $12.00 over the last five sessions, and that may be enough for this current bounce.”
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Austin Schroeder at Barchart.com said, “Live cattle futures posted gains of $1.85 to $3.62 on Friday, with December up $5.57 on the week. Open…
Austin Schroeder at Barchart.com said, “Live cattle futures were down 30 cents to $1.25 across the board on Wednesday. Open interest was down …
“Estimates for Fridays upcoming Cattle On Feed report have On Feed at 100.2% versus last year at 98.4%,” The Hightower Report said.
Boxed beef cutout values this afternoon were higher on Choice and lower on Select, the USDA said.
“The cattle market finished strong with support coming from bids in Kansas and Texas being passed at 226. This is the first indication so far …
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