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CME live and feeder cattle futures fell to four-week lows on Thursday as weaker cash prices suggested softer demand. Traders said the market was correcting after record highs driven by tight US inventories and heavy fund buying.
Lower cash prices and profit-taking from funds pressure futures, while packers' steep losses are reducing slaughter and limiting how far prices can fall.
thecattlesite.comFeb 7, 2025Not 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.
