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“Demand wrorries are more likely causing the aggressive bear camp selling seen late last week,” the Hightower Report said. “December live cattle may be headed for a test of the August low at 173.17. Weekly export sales came in just under the average of the last month, but sellers seem to be very aggressive on rallies and the path of least resistance looks lower.”
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Austin Schroeder at Barchart.com said, “Live cattle futures were 52 cents to $1.32 higher on Wednesday. Open interest was down 1,801 contracts…
Boxed beef cutout values this afternoon were up on Choice and up on Select, USDA said.
Austin Schroeder at Barchart.com said, “Live cattle were down 40 cents to $1.42 across most contracts, with June the lone exception, up a nick…
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