Cattle Prepare For Big Summer Supplies But Also Low Q4 Supplies

The closely followed May feeder cattle contract posted a new low for this downtrend today. Positively, it was a short-lived spike low only seen during the early part of the trading session. We do not yet have news suggesting the 161.97 - 162.15 upside gap is ready to filled. News for this week, separate from COF on Friday, looks a little quiet.

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