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Live and feeder cattle futures were higher ahead of a USDA cattle inventory report expected to be bullish, with February live cattle up $0.87 to $139.57 and March feeders up $3.40 to $163.02. Boxed beef cutout closed lower and lean hog futures were mixed.
Pre-report buying reflects expectations of tight cattle supplies, supporting feeder cattle values and feed demand, while the weaker cutout limits upside.
brownfieldagnews.comJan 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.
