Live cattle post the second best close yet, feeders the third best.

Lightly higher trade was enough to allow August live cattle futures a 178.00 peak today, right next to the prior early June high of 178.10. The close was not far off so we won't call it a rejection or a Double Top yet. Today's close was the second best of the uptrend. August feeders posted lightly better trade and its third best close yet.

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