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Live and feeder cattle closed lower at the CME on March 30, with feeder cattle weak on continued declines in wholesale beef values and follow-through selling. Cash cattle trade started slowly, and Joplin auction calves and yearlings were steady to $6 lower on moderate demand and moderate to heavy supply.
Falling boxed beef values pull down feeder and live cattle futures, and weaker cash trade signals lower prices for feedlot and feeder buyers.
brownfieldagnews.comMeghan GrebnerMar 30, 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.
