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CME June live cattle futures settled slightly lower at 208.000 cents per pound, while the nearby April contract reached contract highs and most other contracts rose. August feeder cattle gained 0.525 cents to 292.700 cents per pound.
Packers were paying up for cattle ahead of Memorial Day despite losses of $143.40 per head.
Packers bidding up cattle to fill pre-holiday orders reflects tight fed cattle supplies. Cattle price strength keeps feedlot economics strong, but uncertainty about consumer demand for high-priced beef limits further gains.
tradingview.comApr 24, 2025Not enough comparable past events yet for a historical read.
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.
