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Live and feeder cattle futures closed higher as cash trade strengthened. August live cattle rose $3.40 to 137.52 and August feeder cattle gained $3.20 to 175.65.
Southern live deals were $136, and Northern dressed trade was about $225.
Firmer cash trade lifts cattle futures, supporting feedlot values and sustaining demand for feed grains.
brownfieldagnews.comMeghan GrebnerJun 8, 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.
