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CME live cattle closed lower while feeder cattle finished mixed as traders waited for direct cash trade to develop. Cash fed cattle deals in the South were $1 lower and in the North $5 lower, and a Fed Cattle Exchange auction failed to sell any head.
Lower cash trade and failed exchange sales point to softer fed cattle prices, which weigh on feeder and live cattle values through the coming weeks.
brownfieldagnews.comMeghan GrebnerAug 31, 2022Not 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.
