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Ready cattle numbers were generally below the prior week, especially in Kansas and Nebraska, and feedlot managers were cautious about pricing inventory. Live cattle and feeder cattle futures settled higher as traders covered short positions after recent losses.
Boxed beef cutout values were steady to weaker.
Lower showlist numbers support cash cattle prices, but weak boxed beef demand limits packer willingness to pay up. Feeder futures were mixed as corn strength offset cattle support.
brownfieldagnews.comApr 25, 2016Not 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.
