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Live and feeder cattle ended higher at the CME ahead of the Cattle on Feed report. October live cattle rose $1.02 to $100.37 and October feeder cattle rose $1.10 to $138.40.
Direct cash trade was underway at $100 to $101 live in the south, about $1 to $2 above last week.
Higher cash bids and position squaring ahead of the USDA report support cattle futures. Traders are positioning for a possible rise in cash trade later in the week.
brownfieldagnews.comMeghan GrebnerSep 18, 2019Not 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.
