A Look Into the Markets - Cattle Markets Surge in Front of Cattle on Feed

Written Friday, December 19 The cattle markets ended the week with a strong rally in front of the Cattle on Feed report. February Live Cattle opened higher, ticked down to the low at 228.875 and rallied to the high at 232.075. The rally stalled just below resistance at 232.75 and pulled back into the close and settled at 230.80. March Feeder Cattle took over as the lead contract as its volume overtook the volume of the January contract. It opened higher and down ticked to its low at 334.95. It surged and rallied to its high at 341.45. It pulled...

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