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Live cattle dropped sharply on Tuesday as traders liquidated long positions ahead of the US midterm elections, with beef cutouts also declining. Chicago December wheat closed down 1.5 cents, while December corn rose 2.75 cents.
Live cattle for December fell $1.75 to 115.55, and November Class III milk slipped 0.08 to 14.70.
Election-driven liquidation and weaker cutouts pressured cattle prices, while corn and wheat showed little net change.
aginfo.netNov 6, 2018Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not 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.
