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Cattle futures have been volatile since early August, with October live cattle down $5.42 and September feeders down $12.30. The CME Feeder Cattle Index has fallen about $11 over two weeks amid economic pressures and speculative trading.
Macroeconomic pressure and speculative selling are weighing on cattle futures and the feeder index. Lower feeder values may affect the cost structure for cattle feeders.
dtnpf.comShayLe StewartAug 19, 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.
