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Cattle Facing Turnaround Tuesday Weakness
Source: Nasdaq
Commodity FuturesCommodities & Raw MaterialsFutures & Options
Live cattle futures were down $1.77 to $2.20 at midday Tuesday, while feeder cattle futures declined $3.30 to $3.95. Cash cattle trading had not yet begun for the week; prior-week sales were $1 to $6 higher week over week at $222-$225. The pullback in futures signals near-term pressure following stronger cash-market pricing.
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