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CME live cattle futures climbed as robust wholesale beef prices held up ahead of Labor Day retail demand. August live cattle rose to 136.45 cents per lb and October gained to 142.225 cents.
Lean hog futures also rose on firm cash prices.
Tighter supplies of market-ready cattle and firm boxed beef support cattle prices in the near term, though recession worries could weigh on beef demand later.
thecattlesite.comGlobal Ag MediaJul 31, 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.
