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CME live and feeder cattle futures closed sharply lower on Sept 26 ahead of direct cash cattle trade. October live cattle fell $2.17 and October feeders fell $4.95, with some spillover from broader markets.
The decline is a routine price move driven by pre-trade positioning and broader market weakness, and it signals softer cash expectations in the short term.
brownfieldagnews.comMeghan GrebnerSep 26, 2023Not 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.
