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CME live and feeder cattle futures closed higher on February 8 while buyers and sellers held a standoff in direct cash cattle trade. April live cattle closed $1.77 higher at $186.57 and April feeders gained $0.72 to $251.92.
Boxed beef Choice was $295.01 and lean hogs closed lower.
Cattle futures are firm as the market waits for cash trade, with supply tightness sustaining prices. Routine price moves offer little new fundamental information for feed buyers.
brownfieldagnews.comMeghan GrebnerFeb 8, 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.
