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CME live cattle futures extended gains on Tuesday, rebounding from a 14-month low hit the prior Thursday. The most-active February contract settled at 168.600 cents per pound and wholesale choice beef rose to $292.78/cwt.
Firmer boxed beef demand supports cattle prices and signals stabilization in cattle markets, which supports feed demand from feedlots.
thecattlesite.comMelanie EppJan 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.
