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Boxed beef cutout values fell well below $2 per pound and live cattle futures traded below $1 per pound for several days in September. Beef production is at high levels and lower prices are encouraging product movement.
Higher beef output and weak cutout values keep pressure on live and feeder cattle prices, though lower prices may eventually boost demand.
u.osu.eduSmith atSep 28, 2016Not 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.
