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At the CME, August live cattle closed $0.57 lower at $187.12 while feeder cattle gained slightly, as direct cash cattle trade remained quiet with bids elusive. Asking prices surfaced at $190 to $192 live in the South, and hog futures were supported by higher cash business.
Routine cattle and hog market wrap with modest moves; feed buyers see stable cattle demand and no new supply shock to shift feeding economics.
brownfieldagnews.comMeghan GrebnerJul 31, 2024Not enough comparable past events yet for a historical read.
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.
