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CME live cattle futures firmed on August 4 on stronger cash markets and tighter slaughter. October live cattle settled at 182.900 cents per pound and feeder futures rose.
Northern plains cash cattle traded as high as $189, and beef packer margins improved to $56.98 per head.
Stronger cash prices and tighter slaughter support cattle futures, reinforcing demand for cattle feed in a market with reduced herd numbers.
thebeefsite.comMelanie EppAug 6, 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.
