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Live cattle futures closed 27 1/2 to 80 cents higher, which was anywhere from low-range to high-range for the day. Ideas recent losses have been overdone fueled corrective buying in live cattle futures today. Support also came from bitterly cold temps, which are stressing cattle and will slow weight gains.
*Disclaimer: The information in the Market Commentaries was obtained from sources believed to be reliable, but we do not guarantee its accuracy. Neither the information nor any opinion expressed therein constitutes a solicitation of the purchase or sale of any futures or options contracts.