COF confirms five months of placement declines.

New highs were posted for April live cattle futures in three of the four trading days this week. It ended the week +.72. We're not sure whether we can say this was all positive. Friday's trade, a wide ranging Outside Day that closed only +0.17, was not impressive. March feeders had a better go of it this week at +2.55. Brazil's BSE confirmation, higher cash cattle trades and lower corn was supportive.

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