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Live cattle futures gained 45 to 95 cents on Monday, with August expiring at $220.75. The CME Feeder Cattle Index fell $3.49 to $329.31 and Choice boxed beef dropped $0.41 to $375.82.
Pasture ratings declined to 18% good/excellent.
Routine market wrap showing mixed cash and boxed beef signals; weak pasture conditions are a mild supportive factor for cattle prices and feed demand.
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.