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Live and feeder cattle futures closed lower ahead of the Friday Cattle Inventory report, with February live cattle down $0.95 to $115.05. Cash live cattle traded at $113 in the South, up $3 week over week, and Northern dressed deals were mostly $178.
Lower futures despite firm cash trade signal that the market is pricing in the upcoming inventory data. Feed costs rising with corn also pressure feeder values.
brownfieldagnews.comMeghan GrebnerJan 30, 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.
