Neutral To Slightly Bearish Report Day For Cattle July 22, 2022
Including a wildly strong trade on Friday, October live cattle ended the week +3.45 while feeders posted +4.55. Traders bought into the expectation for wildly low supply numbers on this afternoon's three separate reports. After the close, those three reports would leave bulls disappointed. Expect live cattle to open $1 lower on Monday. The bull market is here for the long term move, today's numbers reigned in how quickly it is happening.
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