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Northern dressed cattle cash trade was reported at $350 to $352 per hundredweight, $7 to $9 lower than the prior week. Live cattle sales ranged from $223 to $226, and futures broke earlier in the week on the weaker cash trade.
Lower cash cattle prices weigh on futures and feeder cattle values, signaling reduced feed-lot margins for buyers of cattle feed.
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.