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Live cattle closed lower at the CME on Friday on technical selling, while feeder cattle were mostly higher as corn fell. December live cattle closed $0.42 lower at $153.
Cash cattle deals and Nebraska auction prices were reported steady to higher.
Lower corn prices help feeder cattle values by reducing feeding costs, while the lower live cattle futures weigh on the cattle complex.
brownfieldagnews.comMeghan GrebnerOct 28, 2022Not 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.
