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CME live cattle futures fell on Wednesday after profit-taking, with February live cattle closing 0.6 cent lower at 116.775 cents/lb. The choice wholesale beef cutout declined 43 cents to $187.93/cwt, while packer margins were negative at $79.70 per head.
Weak beef cutout values and negative packer margins signal soft demand and pressure on cash cattle prices, which weighs on feeder and live cattle futures.
agcanada.comAGCanadaFeb 15, 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.
