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CME live cattle rallied on technical buying, with August live cattle up $2.37 to $106.92 and feeders up $1.65. Direct cash cattle trade was at a standstill and boxed beef closed lower on light demand.
Cash cattle trade and boxed beef direction set the basis for futures; softer beef demand weighs on feeder and live cattle values despite the futures bounce.
brownfieldagnews.comJul 16, 2018Not 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.
