Beef markets monitor potential BSE in Brazil. February 21, 2023
February, April and June live cattle futures pushed to new contract highs. The February and June posted a new high close. April simply closed at its prior best high. Brazil is investigating a potential BSE/mad cow case. Cash cattle gains have come better than expected given packer kill cutbacks.
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Possible light fund short covering yesterday
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Open interest continues to fall drastically
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