GFF9: 1.925 at 142.975, trading in a range of 2.125
GFH9: 1.95 at 143.45, trading in a range of 2.55
Cattle Commentary: In yesterday’s report we stated: “For those who are bullish the market, it is not a bad spot to start building a position.”. That worked out well as the market rallied today on technical support and renewed hopes for a firmer cash trade. Cash cattle started moving yesterday with some sales coming in at 122, today it worked higher with some 123 and 124 in the north. Today’s Fed Cattle Exchange sold 63/4003 head at 123. Though the rally is welcomed, there may not be a whole lot of juice left in the very near term.
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