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Live cattle enjoyed followthrough from yesterday's gains to post slight gains for the week. But the market still has a lot of work ahead of it in order to signal a major low has been posted. Key to building on late-week gains in live cattle futures are traders' perception of demand. The boxed beef market is still searching for a seasonal low, which raises questions about demand.
*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.