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Insights and Stories on Hogs

Cattle in pens at an auction.
Markets Reuters

U.S. livestock: Profit-taking pushes down CME cattle futures after gains

Traders booked profits ahead of the weekend, after the markets previously found support from gains in equities and improved processor margins that should boost demand for slaughter-ready cattle. Beef processors were earning $54.30 for each head of cattle they slaughtered, after losing money on each animal just a month ago, HedgersEdge.com data shows.

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