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Oliver Sloup breaks down Friday's action in the livestock complex, highlighting a sharp pullback in both Live Cattle and Feeder Cattle futures. Despite strength earlier in the week, December Live Cattle futures dropped $1.70 to settle at $221.47, pressured by softer cutout values and a daily slaughter rate of 109,000 h
Live Cattle futures continue to move higher, adding $13 since the beginning of the month as markets anticipate higher cash prices. The October contract gained $2.83 to reach $222.50, with CVOL for Live Cattle measuring 17.3%. Feeder Cattle futures also extended their rebound, climbing $26 over the past two weeks while