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Market Impact: 0.24
Cattle Look to Thursday After Wednesday Rally
Source: Nasdaq
Commodities & Raw MaterialsCommodity FuturesFutures & Options
Live cattle futures gained $1.30 to $2.15 across contracts on Wednesday, while open interest increased by 1,377 contracts, indicating added market participation. USDA-reported cash trade was light at $348-$350 dressed in the North and $219-$219.50 live, supporting a modestly constructive near-term cattle price backdrop.
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