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Brownfield reports live and feeder cattle closed higher on Wednesday, supported by firm cash optimism and higher boxed beef values at midday. Direct cash trade was at a standoff, with bids at $128 live and sellers asking $130.
December live cattle closed $1.70 higher at $131.65.
Higher cash and boxed beef prices underpin futures and show packers are willing to pay up. Cattle buyers should expect firm pricing in the near term.
brownfieldagnews.comMeghan GrebnerNov 3, 2021Not 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.
