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Market Impact: 0.32
Cattle Bulls Back to Rallying on Wednesday
Source: Nasdaq
Commodity FuturesCommodities & Raw MaterialsFutures & Options
Live cattle futures rose $1.82 to $2.90 per contract at midday Wednesday, supported by firm cash-market indications. The Fed Cattle Exchange offered 1,696 head but recorded no sales, with bids at $223, while early northern dressed-cattle trade was reported at $350. The lack of auction sales alongside higher cash pricing signals continued bullish supply-demand dynamics for cattle futures.
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