GFF9: -.65 at 147.775, trading in a range of 1.175
GFH9: -.575 at 145.425, trading in a range of 1.05
Cattle Commentary: Cattle futures were in another tight range, replicating yesterday’s price action, just in the other direction. The market worked higher but retreated back near unchanged by the end of the day. The market seems to be shaking weak hands out before it makes its next directional move. Cash trade this week has been light so far; today’s Fed Cattle Exchange sold 148 head at 116.75. Expectations continue to be for higher cash, but those expectations are likely baked into the cake to some extent.
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