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Friday’s triple digit gains led fat cattle to some new life of contract highs. August stayed under the ATH from the June contract by $2.50, as the board settled $1.90 to $3.27 higher. USDA reported $180 - $186 cash sales in the WCB for Friday, though Southern trade was mostly unestablished for the week, according to Total Farm Marketing.
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Oliver Sloup at Blue Line Futures said, “The monthly Cattle on Feed Report showed on-feed supply at 11.6 million head as of May 1st, up 2% fro…
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