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Live cattle futures rose on an oversold bounce and a rally in the Dow, with April live cattle up $1.17 to $111.27. Feeder futures also gained, with April up $1.77 to $135.55.
Direct cash cattle trade was light at $113 live, down $2 from the prior week.
A technical rebound in futures amid weak cash trade suggests cattle prices are stabilizing at lower levels, with corn also bouncing, which raises feed costs for feedlots.
brownfieldagnews.comMar 4, 2020Not enough comparable past events yet for a historical read.
Not 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.
