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Market Impact: 0.18
Cattle Looks to Close the Week Following Thursday Correction
Source: Nasdaq
Commodity FuturesCommodities & Raw MaterialsFutures & Options
Front-month live cattle futures fell from $0.05 to $1.85 on Thursday, while open interest increased by 2,736 contracts. Early cash trades were reported at $348-$355 dressed in the North and $222-$223 live, while the Fed Cattle Exchange online auction recorded no sales. The combination of lower futures and an unsuccessful auction indicates modest near-term pressure in the cattle market.
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