Cash cattle gains support futures. August 5, 2022
We started the week with carry-over concerns about last week's cash cattle trades and few expectations for a change this week. The trade ended with steady/better across the board for cash. Futures picked up 1.65 for October fats. They pushed to new highs for the uptrend on Friday. 2.22 gains were noted for October feeders. Though Friday's trade was not a new high for the uptrend it was a new high for close for the uptrend.
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