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At the CME, October live cattle closed $0.45 lower at $104.57 and October feeder cattle closed $1.92 lower at $142.40. Direct cash cattle trade started slowly, with showlists mixed.
Boxed beef closed mixed, with Choice down $0.14 and Select down $2.75.
Expectations of higher cash trade later in the week and steady feeder demand support cattle prices. Quiet cash trade and mixed boxed beef leave the direction uncertain.
brownfieldagnews.comMeghan GrebnerSep 30, 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.
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.
