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US live cattle futures rose nearly to their daily limit on March 31 as traders squared end-of-month and end-of-quarter positions after a steep drop. Cash cattle trade provided little direction as packer bids in the Plains stayed elusive.
Futures that had fallen below cash values rebounded on position squaring rather than new demand, so the bounce may not hold if packer bids stay weak.
thecattlesite.comGlobal Ag MediaMar 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.
