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Live cattle closed mixed on the CME, with August live cattle down $1.27 at $122 and October down $0.47 at $129.12, while feeders firmed slightly. Southern cash trade was about $123, roughly $1 higher week over week, and buyers and sellers remained in a standoff.
Cash trade stalling and drought-driven early calf weaning point to tight forage and feed supplies, which supports cattle prices and sustains feed demand.
brownfieldagnews.comMeghan GrebnerAug 27, 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.
