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Feeder and live cattle futures were mixed, with feeders higher ahead of the USDA Cattle on Feed report, which was neutral. Direct cash cattle trade was quiet and steady to slightly lower.
Steady cash cattle prices and firm feeder futures keep cattle feed demand stable. The neutral Cattle on Feed report leaves little new price direction.
brownfieldagnews.comMeghan GrebnerApr 23, 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.
