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DTN reports that the March 17 Cattle on Feed report was neutral to somewhat supportive, with pre-report estimates close to actual figures. Cattle futures traded higher early in the week but gave back gains amid concerns over the banking sector, while cash cattle sold about $1 lower on March 15.
The report's supportive tone and tight cattle supplies underpin feeder and live cattle values, though banking-related risk sentiment is weighing on futures and near-term cash trade.
dtnpf.comShayLe StewartMar 20, 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.
