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Live cattle and feeder cattle futures closed higher on Monday, with August live cattle up $0.70 and October up $1.05. Hog futures also ended higher, supported by the cash market.
Boxed beef closed higher on solid demand for light offerings.
Higher cash and boxed beef values support livestock prices and signal steady demand for feed inputs. The gains are routine daily moves without a new fundamental shock.
brownfieldagnews.comMeghan GrebnerJul 18, 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.
