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Feeder and live cattle futures sold off after a rapid run-up, with traders seeing a correction. Cash fed cattle traded $222-$245 live and $348-$365 dressed in Iowa, Minnesota and Nebraska on Wednesday as packers bought readily despite tight supply.
Cash cattle prices set the basis for futures, so softer cash trade pressures live cattle contracts lower. Futures holding technical support limits the downside for now.
dtnpf.comOct 29, 2026Not 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.
Softer cash fed cattle trade with packers finding ample supply pressured futures that were due for a correction after a rapid climb.
Softer cash fed cattle trade with packers finding ample supply pressured futures that were due for a correction after a rapid climb.
