USDA Cattle Report May Allow Profit-Taking
KANSAS CITY (Dow Jones)–Friday’s U.S. Department of Agriculture
cattle-on-feed report could allow traders to take profits on previously
purchased positions after this week’s sharp jump in cash and futures prices for
slaughter-ready cattle. Cash prices this week jumped $5 to $8 per hundredweight
on a live basis while the October futures price jumped $4.67 before it began to
lose its luster Thursday. Friday’s futures trade was less robust, and the
market basically moved sideways ahead of the USDA report.

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