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| Buyers beware, things seem all fine and dandy because futures are higher and pushing higher but the basis was crap last week, and from the bids out there now, nothing has changed(bids of 133 or 212 last week 132-210). Just that it has gone up and has not been led by cash. That could change, but until it does I'm very skeptical of any rally.
Will note not much cash trade yet to speak of. Just bids. | |
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Cattle
