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Live and feeder cattle futures moved higher on lower corn while a light direct cash cattle trade occurred in Nebraska at about $294 per cwt. Boxed beef closed steady to lower and estimated slaughter was 110,000 head.
Light cash trade and lower boxed beef values point to softer packer demand for fed cattle, while lower corn supports feedlot margins.
brownfieldagnews.comBrent BarnettJul 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.
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.
