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February live cattle closed $0.60 lower at $173.77 and March feeder cattle closed $0.67 lower at $231.27 on January 22. Direct cash cattle trade was quiet, with showlists mixed and boxed beef sharply higher on solid demand.
Routine futures moves without a new fundamental driver; firm boxed beef supports cash cattle, while quiet cash trade keeps futures range-bound.
brownfieldagnews.comMeghan GrebnerJan 22, 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.
