GFH9: -.375 at 140.825, trading in a range of .775
GFJ9: -.60 at 144.425, trading in a range of .85
Cattle Commentary: The market managed to rebound today on the back of technical support and stable fundamentals. In the Tech Talk section of yesterday’s report, we said (regarding Monday’s pullback): “The pullback wasn’t concerning by any means, in fact we looked at it as an opportunity to work with clients in getting out of short positions and buying to go net long.”. See our tech talk section below to see how today’s action changes the chart and our bias. Cash trade has yet to develop, most are expecting steady to firm. Tomorrows Fed Cattle Exchange has 300 head offered.
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