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Live and feeder cattle futures closed higher at the Chicago Mercantile Exchange, supported by firmer cash trade and a weak corn move. Choice boxed beef closed lower while Select rose, and estimated slaughter was 112,000 head.
Higher cattle futures on a weaker corn market reflect improving feeder margins, while lower corn prices reduce feed costs for feedlots.
brownfieldagnews.comMeghan GrebnerNov 11, 2019Not 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.
