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Negotiated cash fed cattle prices rose $3-$4 to mostly $114-$115/cwt on Friday, with dressed sales $6 higher at $180. Live and feeder cattle futures closed higher, supported by wholesale beef strength and position squaring.
Higher cash fed cattle prices raise the value of feeder cattle and support futures, while firm boxed beef values help packer margins.
cattlecurrent.comWLIOct 28, 2018Not 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.
Cash fed cattle rose $3-$4 and wholesale beef was strong, a demand and price signal that supports futures and the higher move heading into the 10/29 session.
