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Cattle markets rose modestly in the week ending July 31, 2020, with August live cattle up 27 cents to $101.72 and feeder contracts gaining about $1 to $1.85. Cash fed cattle traded between $95 and $102.50, while boxed beef values were mixed, with the Choice cutout at $201.80.
Steady cash trade and firm feeder futures reflect balanced supply, but softer boxed beef and record beef output limit upside for cattle prices.
wlj.netPete Crow, WLJ publisher emeritusJul 31, 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.
