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Live cattle futures were mostly modestly lower ahead of widespread direct cash trade, with December up $0.67 at $116.10. Feeder cattle were weak to sharply lower, with January down $0.77 at $145.82.
Choice boxed beef fell $0.54 to $218.22 on light demand and the estimated slaughter was 119,000 head.
Soft boxed beef and weak feeder values signal limited near-term support for cattle prices until cash trade establishes a clearer level.
brownfieldagnews.comNov 7, 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.
