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Market Impact: 0.22
Cattle Look to Wednesday Following Tuesday Correction
Source: Nasdaq
Commodity FuturesCommodities & Raw MaterialsFutures & Options
Live cattle futures fell $1.42 to $1.90 per contract on Tuesday, while open interest declined by 8,019 contracts, indicating reduced market participation. Cash cattle trade had not yet begun for the week, following prior-week sales that were $1 to $6 higher at $222-$225. The futures decline signals near-term pressure despite the recent improvement in cash prices.
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