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US live cattle futures rose on 29 September, with the December contract reaching its highest in a month. Traders cited strong beef demand and expectations of firm cash cattle trade, and choice boxed beef fell 56 cents to $217.16 per cwt.
Stronger beef demand and firmer cattle futures support feeder and fed cattle prices, which feeders typically pass into feeding costs and feed purchasing decisions.
thecattlesite.comGlobal Ag MediaSep 29, 2020Not 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.
