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Markets

Mid-Session Cattle Market Report

October cattle traded moderately higher on the session early today and pushed to the highest level since August 17th before moving to slightly lower on the day into the mid-session. Outside market factors were positive early today but weakness in corn and other grain markets and demand concerns emerged to spark the early selling. Boxed-beef cut-out values at mid-session came in at $183.75 which was up $1.92 from yesterday and up from $180.68 last week at this time. Traders expected the higher beef prices after packers were forced to pay-up for cash cattle last week but there are concerns that consumer resistance will emerged to the steep uptrend for beef prices recently.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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