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Analyst Chris Swift expects February live cattle to retrace toward $115 amid volatility, with open interest near 350,000 contracts. He suggests back-month contracts may be attractive if prices drop and sees spring feeders possibly rising to $123-126.
The analyst's forecast of a near-term pullback in live cattle suggests softer cattle prices, though he also flags possible rebounds in feeder values.
farmprogress.comChris Swift 1Jan 25, 2017Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
