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CME live cattle futures rose on follow-through buying and direct cash business, while feeder futures closed lower on profit taking. Cash fed cattle traded at about $178 live in Texas and Kansas and $280 dressed in the North.
Lean hog futures were mixed.
Firm cash cattle bids support live cattle futures, while softer feeder futures point to weaker prices for feeder cattle sold to lots. This is routine market commentary with no new supply or demand shock.
brownfieldagnews.comBrent BarnettFeb 2, 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.
