Tuesday Morning Livestock

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No cash trade to speak of so far, but $76 may be it if we can hold the board together. If they can muster up a little rally, then we may see $77 cashtrade. Longer term, I think that we trend a little lower due to the supplies on hand. Demand is obviously the key to how fast we can chew through the numbers. Still no deliveries and open interest in April below 8900. This could make for an interesting market in that the board may be controlled by some strong longs.

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