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On Sept 28, live and feeder cattle futures closed sharply higher after an oversold bounce, with October live cattle up $1.60 at $186.50 and October feeders up $2.47 at $254.72. Cash trade was quiet, with southern live deals at $183 and northern dressed deals at $290 to $291.
The bounce reflects technical buying after recent weakness rather than new supply news, and cash prices holding steady suggest underlying support for feeder and fed cattle values.
brownfieldagnews.comMeghan GrebnerSep 28, 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.
