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Live and feeder cattle futures were mixed at the CME on April 22 ahead of USDA's On Feed report. Cash fed cattle deals in the South were around $139 to $141, and feeder cattle auctions in Nebraska showed steady demand.
Traders viewed the pending On Feed report as bearish, with cash fed cattle prices steady to higher and feeder demand moderate to good.
brownfieldagnews.comMeghan GrebnerApr 22, 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.
