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Western Livestock Journal reports that live cattle futures were mixed in the last week of October, with the October contract closing at $193 and December at $186.30. Cash trade was mostly steady at $187-192 live, and analysts expect flat prices into the first half of next year.
Flat price forecasts and steady cash trade suggest limited near-term direction for cattle prices, with packers' willingness to buy supporting current levels.
wlj.netAnna Miller FortozoNov 1, 2024Not 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.
