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The CME Group launched a Boxed Beef Index on March 5, a five-day volume-weighted average of Choice and Select cutout values. The index could serve as an alternative to negotiated base prices in formula pricing cattle.
A boxed beef benchmark could change how fed cattle are priced, potentially shifting cash cattle values up or down relative to current negotiated bases.
farmprogress.comLee SchulzMay 24, 2021Not 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.
