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“Open interest in live cattle dropped 1,600 contracts to another new low for the year,” the Hightower Report said. “The feeder index hit its lowest level since January. OKC feeder auction results were weak so far this week, catching up with last week’s futures decline. Screwworm cases have now reached 41 with 12 active cases currently, mainly in Texas with a few detections in far southeast New Mexico.”
