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US live and feeder cattle closed mixed to higher following the Friday Cattle on Feed report, which analysts viewed as neutral to bearish for deferred contracts. Direct cash cattle trade was quiet with bids yet to be established.
Boxed beef closed weak with light demand.
Soft boxed beef and a bearish-leaning Cattle on Feed report cap deferred cattle prices, while feeder auction prices held firm. Feed buyers see steady cattle demand for feed through the near term.
brownfieldagnews.comMeghan GrebnerSep 28, 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.
