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Live cattle futures were mixed on Friday, with the October contract down 37 cents and December up 12 cents. Cash steers traded at $189-190 for the week, and the CME feeder cattle index held near $249 through the week.
Traders were watching the US election and its potential effect on the market.
Steady cash cattle and a firm feeder index point to solid underlying demand for feeder supplies, while futures remain range-bound ahead of election-related volatility.
wlj.netAnna Miller FortozoNov 1, 2024Not 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.
