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Live cattle futures rose sharply on the CME, with the June contract trading limit up in some live and feeder cattle contracts. Cash cattle traded in the mid-130s and boxed beef was strong.
Grain closes showed July CBOT wheat down a quarter cent at 4.29½ and July corn down 1½ cents at 3.70¾, and June Class III milk fell $0.08 to $16.62.
Tight cattle supplies and strong cash and boxed beef prices push live and feeder cattle higher, while softer grain and milk closes add modest pressure to feed and dairy values.
aginfo.netJun 2, 2017Not 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.
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.
