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Live and feeder cattle futures traded mostly higher ahead of the Friday USDA Cattle on Feed report, with June live cattle up $0.15 at $110.80. Choice boxed beef rose $1.04 to $220.79 on moderate to good demand, and the estimated weekly slaughter was 117,000 head.
Firmer boxed beef and steady-to-higher futures reflect demand support ahead of the report, though the outcome of the report could still shift prices.
brownfieldagnews.comMay 23, 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.
Futures traded higher on May 23 with firmer boxed beef and good demand ahead of the COF report, directly coinciding with the feeder rally.
