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Live and feeder cattle futures closed higher at the CME, supported by firmer boxed beef values. April live cattle rose $1.95 to $187.55 and March feeder cattle gained $3.92 to $251.02, while cash cattle trade was quiet.
Higher boxed beef and feeder futures reflect tight cattle supplies and support cattle prices, a routine market move with limited new supply or demand shock.
brownfieldagnews.comMeghan GrebnerFeb 16, 2024Not 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.
