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Live cattle futures closed lower on April 22, with April down 57 cents to $246.85 and June down 47 cents to $243.07 as traders awaited firmer cash trade. Cash steers traded at $246 on moderate volume, and Choice boxed beef fell $1.99.
A routine pullback in futures reflects weak boxed beef and thin cash trade, with no new supply or demand shock. Feed buyers see little direct grain impact.
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.