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CME live and feeder cattle closed mostly lower as cash trade stayed weak, with light activity at $104 to $105 live. Feeder cattle prices in Missouri and other markets were lower on the week.
Softer cash cattle prices signal reduced finishing margins, which can weaken demand for feed grains and byproducts used by feedlots.
brownfieldagnews.comMeghan GrebnerAug 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.
