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Cattle Commentary: Last week we had mentioned that February live cattle were coming into a seasonal buy from December 13th to December 28th. Over the last 15 years this has been profitable 14 of those years with the average gain being 2.41. So far that seasonal looks to be holding true as cattle found support after being in free fall mode for the previous two weeks. February live cattle finished Fridays session up 2.05 at 121.70, trading in a range of 2.775 on the day. January feeder cattle finished Friday up 1.70 at 147.95 after trading in a range of 3.175 on the day. For the week, both live cattle and feeder cattle closed higher adding 2.90 and 2.60 respectively. Cash trade was nonexistent through the first ¾ of the week, but bids were creeping higher all-day Friday. There were cash trades at 120.50 after the close in Wyoming, western Nebraska, and Colorado. In Kansas and Texas, we saw trade at 120. This should offer some support to the market to start the week, but how long it stays will be the question.
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