April Live Cattle is trading at 155.25, down 0.40. June Live Cattle is trading at 145.80, down 1.00. Chatter about reduced exports of poultry has brought sellers in. Market talk about slack U.S. retail sales has added additional pressure. Trading is choppy and weak.
Market chatter that hogs are sharply lower and some selling has moved over to live cattle is going around. Chatter that cash cattle remains supportive to April Live Cattle continues.
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