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CME feeder cattle futures rose on July 19 as tighter supplies in the Northern Plains left few large feeder runs. August feeder cattle gained 1.75 cents to 157.375 cents per pound, while live cattle were pressured by softer seasonal beef demand.
Tight northern feeder supplies support feeder cattle values and raise procurement costs for feedlots, which reduces the number of cattle placed and their feed demand.
financialpost.comReutersJul 19, 2021Not 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.
