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Live cattle futures were mixed on November 2 with December live cattle down $0.72 and feeder futures lower, as direct cash trade stayed quiet and bids had not yet appeared. Choice boxed beef closed $0.79 higher at $209.44 on good demand.
Lean hog futures closed mostly higher on the steady cash trade.
Routine futures moves and a quiet cash market give little new signal for feed demand, though firmer boxed beef and hog prices support livestock demand for feed.
brownfieldagnews.comMeghan GrebnerNov 3, 2020Not 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.
