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Live cattle futures closed lower on January 22 with February at $126.17 and January feeders at $143.92, ahead of the USDA Cattle on Feed report. Cash trade was steady at around $124 live in the South.
Feeder auction prices were mixed, with steers mostly lower.
Lower futures ahead of the government report signal softer near-term cattle values, which can ease feed buying sentiment.
brownfieldagnews.comMeghan GrebnerJan 23, 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.
