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Livestock cash prices continue rising

Livestock cash prices continue rising

Beef prices “remain in a steep uptrend” which could fuel continued buying in the cattle market, The Hightower Report said. Beef prices are at their second highest level ever and continued advances in the cash markets “will leave futures holding an only small premium to the cash.”

Hogs are also seeing advances in their cash values as technical action stays positive, The Hightower Report said. This surge has sparked short covering and new buying in the market.

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