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Cattle futures closed sharply lower on Friday after triple-digit losses in live cattle contracts, with profit-taking and losses in deferred live cattle cited as drivers. Boxed beef cutout values were sharply higher on moderate to good demand, and analysts warned of continued price volatility.
Heavy futures selling pressures feeder and fed cattle values even as strong beef demand supports the cash market, so buyers should expect wide price swings.
brownfieldagnews.comMay 5, 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.
