Oliver Sloup of Blue Line Futures breaks down Friday's trading in livestock futures as cattle markets snapped multi-week losing streaks ahead of key USDA reports. October Live Cattle futures and September Feeder Cattle futures both closed higher on the session and week, while October Lean Hog futures extended their rally to a fifth consecutive weekly gain. Sloup analyzes the latest Cattle on Feed metrics, Cold Storage frozen meat inventories, wholesale boxed beef prices, and cash steer trade.
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