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Cattle futures on the CME rebounded on Wednesday from June lows after a sharp Monday sell-off that followed a USDA report showing larger-than-expected cattle placements into US feedlots in September. Lean hog futures also settled higher after several days at contract lows.
Heavier feedlot placements add near-term supply, but analysts note heifers are not being retained, which could tighten supplies and support feeder and live cattle prices later.
thebeefsite.comMelanie EppOct 26, 2023Not 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.
