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Live and feeder cattle futures closed higher on June 29, with August live cattle up $0.62 at $174.50 and August feeders up $2.12 at $242.37. Cash cattle trade was light, with deals in Nebraska near $182 live.
Hog futures were mixed ahead of the Thursday USDA report.
Firm cattle futures reflect tight cash supplies and steady feeder demand, supporting feeder cattle prices. Cash trade slightly below prior week points to limited near-term upside.
brownfieldagnews.comMeghan GrebnerJun 29, 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.
