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CME feeder cattle futures finished higher, reversing an earlier decline from the May low. Reuters noted that global stocks struggled on the same Friday as data showed US inflation remained high.
A rebound in feeder futures supports the value of stocker and feeder cattle, but analysts flagged that a possible economic slowdown could weaken beef demand.
reuters.comTom PolansekOct 27, 2023Not 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.
