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CME live and feeder cattle futures rose sharply on Thursday, supported by strong direct cash trade and USDA cattle inventory data. Live cattle traded in the $178-179 range in parts of Texas and Kansas, and feeder steers at Hub City sold at $271-293.
Boxed beef Choice rose to $294.94.
Higher cash cattle prices and firm boxed beef support feeder and live cattle values, which keeps feedlot margins tight and feed demand steady.
brownfieldagnews.comBrent BarnettFeb 1, 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.
