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Traders are watching trends in China’s beef import numbers. “China’s June beef imports were 210,000 tonnes, down 10.8% from June a year ago, and year-to-date beef imports rose 17% to 1.44 mln tonnes,” the Hightower Report said.
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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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