Weights For Winter Fed Cattle Are Huge

Cattle took at hit today as this week's cash trades are under earlier hopes. Though exports remain strong we will point out weight data today was a bit of a bearish surprise. Feeders gapped lower today and kept on going. The April contract gapped lower and kept on going. The 159.22 - 159.55 gap will be something to fill given a change in the news flow. On the bear side, though today was not a new low for the downtrend it was a new low-close.

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