Fats retest the highs. Feeders post new highs. Neutral Cattle on Feed. May 19, 2023
This week would be a win for bulls in the cattle complex. June live cattle futures picked up +1.32 as this week's cash trades were noted at steady. That stopped four weeks of losses. June closed the week with a new high-close for the uptrend. Feeders, with an eye on falling corn, jumped +6.12 this week on the August. It posted a new high and a new high-close for the entire uptrend.
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