Cattle Futures Hold Their Gains for the Week June 18, 2021
August fats gained 1.52 this week. August feeders picked up 3.85. For cattle specifically, there are reasons for higher pricing for the week. Steady/$2 gains were noted for cash. The trade now feels cash cattle may gain a better % of the wholesale price.
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Allendale Insider
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Possible light fund short covering yesterday
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SA maps still look solid for rains in the 10 day
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Open interest continues to fall drastically
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