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CME live cattle futures were lower and feeder futures were mixed on August 28. Direct cash cattle trade was at a standstill, with a few light trades at $184 live, while sellers moved cattle out of feedlots ahead of increased placements.
Weak demand and rising placements point to softer cattle prices in the near term. Lower cattle values can reduce feedlot demand for feed.
brownfieldagnews.comJohn PerkinsAug 28, 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.
