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Live and feeder cattle futures closed higher at the CME on March 28, with April live cattle up $1.40 to $185. Cash cattle trade was light, with Southern deals at $186 live, and feeder cattle sales at Mitchell Livestock Auction were steady to higher.
Firm cattle futures and cash trade signal stronger finished and feeder cattle values, which can support demand for feedstuffs in cattle feeding operations.
brownfieldagnews.comMeghan GrebnerMar 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.
