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CME Group announced lower daily price limits for live and feeder cattle futures, effective October 25. Live cattle initial limit falls $1.00 to $6.50/cwt and feeder cattle initial limit falls $1.00 to $8.25/cwt.
Narrower daily limits reduce the speed at which cattle futures can move in a single session, limiting volatility but not changing fundamental price direction.
feedlotmagazine.comFeed-Lot MagazineSep 20, 2024After 102 past neutral policy events, Live Cattle moved a median +0.6% over 5 sessions (63% higher; middle half -0.7% to +1.2%), and +1.3% over 20.
After 28 past neutral policy events, Feeder Cattle moved a median +0.2% over 5 sessions (61% higher; middle half -0.6% to +0.8%), and +0.8% over 20.
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.
