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Market Impact: 0.28
Cattle Extending Bounce into Friday’s Midday
Source: Nasdaq
Commodity FuturesCommodities & Raw MaterialsMarket Technicals & Flows
Live cattle futures rose $2.20 to $3.15 in Friday trading as buyers continued to push prices higher. The Fed Cattle Exchange recorded $225 sales for 45 of 952 head offered, while bids on other lots were $223-$224. Feeder cattle futures also rallied, supporting a constructive near-term outlook for cattle prices.
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mildly positive
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